Latin America and the Caribbean (LAC) will grow 1.9 percent in 2024, slightly exceeding previous estimates, according to the World Bank’s report "Taxing Wealth for Equity and Growth" published on October 9, 2024. In 2025, the region is forecast to grow 2.6 percent. These are the lowest rates among all global regions, highlighting persistent structural bottlenecks. To accelerate growth, the region must seize the current momentum. The U.S. Federal Reserve's decision to lower interest rates is expected to provide some relief. Inflation control is another positive development, thanks to the region’s effective macroeconomic management. Brazil and Peru are on track to meet their inflation targets in 2024, with other major economies expected to follow soon after.
At this online seminar, William Maloney, Chief Economist for Latin America and the Caribbean Region, presented the main findings of the report.
Speaker:
William Maloney
Chief Economist for Latin America and the Caribbean Region, World Bank
Presentation Material
Taxing Wealth for Equity and Growth (PDF)
Related Seminars
World Bank Group Morning Seminar