The Economic Commission for Latin America and the Caribbean (ECLAC) updated its growth projections for the region, estimating that Gross Domestic Product (GDP) will rise 2.4 percent in 2025 and 2.3 percent in 2026. The new estimate for 2025 represents an upward revision from the 2.2 percent forecast in the Economic Survey of Latin America and the Caribbean 2025, published on August 5. This is the second upward revision since April, when the outlook for regional growth was 2.0 percent. With this update, the expectation for regional growth is identical to the figure presented in December 2024 (2.4%).
In a press release, the United Nations regional organisation indicates that this adjustment to the projections reflects a less adverse international environment than what was foreseen in April, but it does not change the underlying diagnosis: the external drivers of growth have decelerated and the region continues to grow at a slow pace. To break out of this situation, a more accelerated, productive transformation is needed to fuel economic growth and productivity, diversify economies, and create more and better jobs.
