Latin American economy expected to grow by 2.3% in 2024

The International Monetary Fund has predicted economic growth in Latin America and the Caribbean by 2024; according to estimates, Latin America will grow by 2.3% compared to GDP, the Argentine newspaper infopay said.
The International Monetary Fund released its report “World Economic Prospects” for the month of October, and the Bulletin dealt with the expected growth of world economies in the following year.
In a previous report, the international entity predicted that Bolivia would grow by 1.9% in 2024, a level below the regional average.
The region that will achieve the greatest growth will be sub-Saharan Africa, at 4.0%; followed by the Middle East and Central Asia at 3.4%; the growth rate in the euro area is expected to increase from 0.7% this year, while the slowest economy is the United States, where the growth rate will increase from 2.1% this year to 1.5%.
With these forecasts, global economic growth will slow to 2.9% in 2024; 0.1% less compared to 3.0% this year.
In Venezuela, Venezuelan President Nicolas Maduro stressed that the end of unilateral sanctions imposed by the United States in recent years will stimulate the recovery of the economy in the Latin American country.
“As Venezuela’s economy recovers, we are acquiring the necessary conditions to return all or part of the migrants, “Maduro added, adding that” all sanctions must be lifted, permanently, completely and completely, without blackmail, without conditions for Venezuela, ” the Venezuelan Telesur channel said.
Maduro noted that since 2020 the process of returning citizens who left the country and were forced to return due to “the ill-treatment they received in the countries where they arrived”has begun.. “We are in the same conditions this year and this is related to the fact that Venezuela is recovering its economy,”he explained.
These statements by the president came in the Mexican city of palingo, where a summit of Latin American countries was held, which agreed to develop a plan to address illegal migration in the region, Maduro stressed that his counterparts who participated in the summit expressed their rejection of unilateral sanctions.
Venezuela’s bonds jumped strongly after the administration of President Joe Biden allowed us investors to buy securities for the first time in four years as part of a comprehensive package of sanctions relief.