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 . . .