The global economy was affected by the pandemic and is now trying to overcome it with a growth of 3.2% in 2024. For its part, Latin America projects an increase of 2% this year, a decrease unlike 2023, as indicated in the latest report from the International Monetary Fund (IMF). Despite this context, the financial […]
Tag: Economic growth
Moody’s: Panama’s GDP will grow 2.5% in 2024 affected by strong deceleration
The gross domestic product (GDP) of Panama “will probably grow 2.5% in 2024”which translates into a “strong deceleration” compared to the 7.3% expansion that the indicator registered in 2023, the risk rating agency said this Monday Moody’s. “The closure of the mine Copper Panama will affect economic activity in 2024 and weaken business and consumer […]
Why China has an important weight in global growth in 2024
“All countries and regions in the world plan their economy for the long term, as does China. This is the most important lesson we must learn from China”said Paulo Feldmann, professor of Economics at the University of São Paulo and author of ‘Management in Latin America: Threats and Opportunities in the Globalized World’. Latin America: […]
Economic rebound: BBVA predicts that the Peruvian GDP will grow 2.7% in 2024
The relative political and social stability, as well as the dissipation of weather anomalies, which so far have not had a significant impact on economic activity, caused BBVA Research to raise its forecast for the year from 2.0% to 2.7%. growth of the gross domestic product (GDP) for this year. Francisco Grippa, Principal Economist of […]
Global economic growth is at its lowest level in the last 40 years, says WB
The president of the World Bank (WB), Ajay Banga, assured today that global economic growth is currently at the lowest level in the last 35 or 40 years due to the wars of Loop and Ukraine, in addition to tensions in the Red Sea. Within the framework of the World Government Summit (WGS), a forum […]
Experts predict that Mexico will need 40 years to achieve more “prosperity and equality”
It will take at least four decades Mexico to achieve a economic situation further “prosperous and equal”, since only in 2023 did it perform below expectations, with just over 2%, specialists warned this Friday. “We are going to need 40 years to reach the level required, which would make Mexico more prosperous and more equal“, […]
It is not Chile or Brazil: which Latin American country will have the greatest economic growth in 2024?
According to October projections International Monetary Fund (IMF), the world economy could grow 2.9% in 2024, 0.1% less than what was outlined for 2023. In this context, the International Labor Organization (ILO) published its report in December 2023, which details the labor outlook, but also analyzes the economic growth of Latin America for this year […]
Brazil grows and curbs inflation, but its deficit skyrockets in Lula’s first year
The president of BrazilLuiz Inácio Lula da Silva, completes the first year of his mandate with a economic growth much higher than expected, the low inflation control and unemployment in single digits, but with the public deficit on the rise. All the forecasts at the beginning of the year gave the largest economy of Latin […]
Can China get its economic miracle back on track in 2024?
The disappointing post-Covid recovery of China has raised significant questions about the foundations of its decades of impressive growth and has presented Beijing with a difficult choice for 2024 and beyond: borrow more or grow. less. Expectations were that once China abandoned its draconian rules COVIDconsumers would return to shopping malls, foreign investment would resume, […]
ECLAC raises growth estimate in Latin America; Peru lags behind in the region
The Economic Commission for Latin America and the Caribbean (ECLAC) this Thursday raised its regional GDP growth projection for 2023 by 0.6% from 1.7%, estimated last September, to 2.2%, but warned about the risks of “maintain a low growth path”. By 2024, growth will fall to 1.9%, which implies a slowdown in regional growth compared […]