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ECLAC calls for driving productive formalisation to increase productivity and escape the trap of low capacity for growth

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The Economic Commission for Latin American and the Caribbean (ECLAC), August 20, 2026, presented a new edition of its annual report Economic Survey of Latin America and the Caribbean 2026. Growth and productivity amid high informality: constraints and challenges in fostering productive formalisation in the region.

The report indicates that the regional economy is expected to grow by 2.2 percent in 2026, after a 2.4 percent expansion in 2025, and show a partial recovery of up to 2.5 percent in 2027. If these projections prove correct, Latin America and the Caribbean will have maintained five years with average growth near 2.3 percent, an insufficient level to provide a sustained increase in income per inhabitant, close development gaps, and significantly expand political spaces.
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Caribbean News Global (CNG)
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