RIO DE JANEIRO, BRAZIL - The economy of Latin America and the Caribbean, the most affected by the COVID-19 pandemic, will rebound by 4.4% in 2021 after last year's 6.7% drop. However, it may enter an "accelerated" process that increases "inequality within and between countries", the World Bank warned today in its half-yearly report on the region.
Thus, the agency slightly improves its latest forecasts, in which it predicted an expansion of the regional Gross Domestic Product (GDP) of 4% for 2021e after a 7.9% slump in 2020.
"This pandemic gave rise to a process . . .