Latin America's Gross Domestic Product (GDP) has been reported to be slowing down, with a 2.7% expansion projected for the end of 2022, according to an Economic Commission for Latin America and the Caribbean (ECLAC) report released in Santiago on Tuesday.
The economies of Latin America and the Caribbean face a complex situation in 2022 because of the Russia/Ukraine war with its shadow of uncertainty for the world economy. This is negatively affecting global growth, and at regional level, lower expected growth will be accompanied by higher inflation and slower employment recovery.