Beatrice Murch
Paraguay (4.5%) will also have significant economic development this year, with Ecuador (2.9%), Peru (2.4%), Uruguay (2%), Mexico and Bolivia (1.8%), and Colombia (1%), following closely behind.
The IMF experts predict that Brazil, the largest economy in Latin America, will have GDP growth of 0.9% in 2023. And Argentina's economy, which is in a severe crisis, will barely rise by 0.2%.
Just one country in the area will see its economy falling, notes the IMF. Chile's GDP will drop by 1%, but it will increase again by 1.9% in 2024.
Overall, the research predicts that Latin America and the Caribbean's GDP will increase by 1.6% this year.
source: imf.org
The IMF experts predict that Brazil, the largest economy in Latin America, will have GDP growth of 0.9% in 2023. And Argentina's economy, which is in a severe crisis, will barely rise by 0.2%.
Just one country in the area will see its economy falling, notes the IMF. Chile's GDP will drop by 1%, but it will increase again by 1.9% in 2024.
Overall, the research predicts that Latin America and the Caribbean's GDP will increase by 1.6% this year.
source: imf.org