Latin American countries are still suffering from the economic crisis and are maintaining low levels of economic growth, which may reach 1.7% this year and 1.5% in 2024 due to the decrease in the dynamics of production and World Trade, according to a report by the Economic Commission for Latin America and the Caribbean.
According to this organization, the gross domestic product in Peru, for the second year in a row after the pandemic, will grow below the regional average, by only 1.3%, and the local economy grew by 2.7%, ending 18 consecutive years (excluding 2020) of growth higher than the rest of the continent, the Spanish newspaper El Economista said in a report published on its website.
Inflation rates are expected to continue to decline towards the end of the year in most countries, but not within the limit allowed by central banks. The exception to this trend is Argentina and Venezuela, whose annual inflation rates in August were 124%, and in Venezuela 398%, which are among the four highest in the world.
Luis Miguel Castilla, former minister of economy and executive director of the Fidenza Institute, pointed out that the total domestic growth this year is less than 1% and by 2024 it will rise to 3%, despite being exposed to risks such as the severity of the crises experienced by countries in Latin Americ
