Latin America and the Caribbean (LAC) has reached a critical juncture. While the region has made significant progress in economic stabilization over recent decades, growth has stalled, undermining progress. Urgent action is needed to reverse course. In a new report, “Competition: The Missing Ingredient for Growth?” the World Bank highlights potential areas for action, emphasizing that leveraging competition policies and institutions is key to any impactful growth strategy.
The World Bank forecasts that regional GDP will expand by 1.6 percent in 2024. GDP growth of 2.7 and 2.6 are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity. With social transfers declining and wages not yet rebounding to pre-pandemic figures, many households are under pressure.
At this online seminar, William Maloney, Chief Economist for Latin America and the Caribbean Region, introduced the main findings of the report.
Date/Time:
8am-9am, Tuesday April 30, 2024 (Japan Standard Time)
* This event has been rescheduled from May 1 to April 30.
Speaker:
Willian Maloney
Chief Economist, Latin America and the Caribbean Region, World Bank
Presentation Material: