Growth in Latin America and the Caribbean region (LAC) rebounded to an estimated 6.7% in 2021, driven by favorable external conditions and pandemic-related developments, according to the World Bank's Global Economic Prospects. Region-wide new COVID-19 cases dropped sharply in the second half of the year, before surging in late December, even as the vaccination rollout progressed. Strong demand in key export destinations (the United States and China), high commodity prices, and continued high remittances to Central American and Caribbean countries were also supportive of growth in 2021.Add your comment!
Growth in Latin America and the Caribbean will slow down in 2022 to 2.1%, after a 6.2% increase on average last year, the Economic Commission for Latin America and the Caribbean (ECLAC) forecast Wednesday in a study.Add your comment!
Brazil's GDP is forecasted to expand by 1,2% in 2022, according to the Brazilian National Industry Confederation (CNI). However since 2022 is an election year and public opinion is strongly divided, the estimate is simply that, an estimate, following on a reasonably dynamic 4,7% growth this year with record exports.
Chile's Central Bank Thursday reported an 18.1% economic growth in May, which has brought it back to the pace of prepandemic levels.
Economic activity in Bolivia has grown 5.3% from January to April 2021, according to The Global Index of Economic Activity (IGAE), Economy Minister Marcelo Montenegro announced Tuesday.
Argentina's Ministry of Development and Production anticipated that the country's industrial output should grow more than 6% this year compared to 2020. Economist Matias Kulfas said he expected Argentina's economy as a whole to expand 5% to 6% during the year, based on preliminary data and depending on how the novel coronavirus and vaccination campaign evolves and its impact on growth.
The United Kingdom is set to spend billions of pounds in extra support for the economy over the next four months, as pandemic curbs pushed unemployment to its highest level of almost five years. The chancellor of the exchequer Rishi Sunak will set out the details in his Mar 3 budget.
The Gross Domestic Product (GDP) of the Falkland Islands increased by 15.7% between 2017 and 2018 (in nominal terms), primarily driven by high results within the fishing sector that year, according to the recently released Falkland Islands National Accounts.
Christine Lagarde, president of the European Central Bank (ECB), said on Monday that the journey to recovery in 2021 would most likely be accompanied by a very high level of uncertainty before a transition to a new economy.
China’s economy grew at a faster-than-expected pace in the fourth quarter of last year, ending a rough coronavirus-stricken 2020 ahead of all major industrialized nations, as well poised to expand further this year.