The Financial Fee for Latin America and the Caribbean (CEPAL) revised Latin America’s progress forecasts for 2023. The fee warns that uncertainty continues to loom on the horizon for Latin American economies, so all subregions are anticipated to report decrease progress through the 12 months.
CEPAL’s revision forecasts that Latin America will develop 1.2% in 2023, which is a lower from what was recorded in 2022. Central America and Mexico are anticipated to develop by 2.0%, a contraction over 2022’s 3.5% progress. In the meantime, South America is predicted to develop by 0.6% in 2023, whereas it grew 3.8% in