In the Latin American and Caribbean region, it is estimated that after having a growth of 1.7% on average in 2023, it will drop t in 2024. For Mexico they are expecting GDP growth rate of 2.9% this year and it will reduce to 2.1% in the next . Brazil will grow 2.5% in 2023 and 1.4% in 2024 ; Guatemala 3.4 and 3.1%, respectively; while Argentina registers a drop of 3% this year and -1.6% next year . Low economic growth and global trade According to ECLAC «Low economic growth and world trade continue . Despite falls in inflation, high interest rates and lower global liquidity; high financing costs and fall in raw material prices, although at historically high levels.
In the annual report “Economic Study of Latin America and the Caribbean, 2023. Financing a sustainable transition: investment to grow and confront climate change”, ECLAC predicts that Low levels of growth will Jordan Mobile Number List be recorded next year. due to the "very complex and negative global and regional economic prospects." At a conference, the Secretary General of ECLAC, José Manuel Salazar-Xirinachs, said that "The low growth of Latin America and the Caribbean could be aggravated by the negative effects of a worsening of climate shocks, if investments are not made in adaptation and mitigation to climate change that countries require.
Impacts of climate change on the economy He explained that if investments are not made to offset the impacts of climate change on the economy, by 2050 the GDP "of a group of six countries could be between 9% and 12% lower than that corresponding to a trend growth scenario if no actions are taken." investments to compensate for climate shocks. To curb climate effects, an additional investment of between 5.3% and 10.9% of GDP is required.