World Bank Raises Latin America’s GDP Growth Projection for 2021 to 3.7%

However, the body cautioned that the rebound may be lower than expected should there be delays in the distribution of the Covid-19 vaccine, and also lowered its projection for the global economic upturn.

RIO DE JANEIRO, BRAZIL - The World Bank (WB) reported on Tuesday, January 5th, that it projects an economic growth of 3.7% in Latin America and the Caribbean this year, improving its earlier estimate of 2.8% growth for the region, which has been severely affected by the coronavirus pandemic.

"Regional economic activity is expected to grow by 3.7% in 2021, as initiatives to mitigate the pandemic become more flexible, vaccines are distributed, prices of the main commodities are stabilized and external conditions improve," the multilateral body said when disclosing its global economic outlook.

However, it stressed that the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?