Latin America and the Caribbean (LAC) made progress in macroeconomic resiliency over previous decades and navigated the multiple post-pandemic crises with relative success. Yet, according to a new World Bank report, growth remains inadequate to reduce poverty and create jobs, while fiscal constraints limit necessary investments. Expanding digital connectivity, combined with complementary policies, offers the possibilities to create more dynamic and inclusive societies, says the report “Wired: Digital Connectivity for Inclusion and Growth”.
The report estimates regional GDP will grow by 2.0% in 2023, slightly up from 1.4% in previous projections, but still below that of all other regions in the world. Rates of 2.3 and 2.6% are expected for 2024 and 2025. These rates, similar to the 2010s, are not enough to make much needed progress in inclusion and poverty reduction.
At this online seminar, William Maloney, Chief Economist for Latin America and the Caribbean, introduced the main points of the report. This online seminar will be conducted in English, without interpretation into Japanese.
8am-9am, Thursday November 2, 2023 (Japan Standard Time)
Chief Economist for Latin America and the Caribbean, World Bank