World Bank lowers economic growth forecast for Latin America and the Caribbean in 2026
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Golden Ten Data reported on April 9 that the World Bank has lowered its forecast for economic growth in Latin America and the Caribbean in 2026, citing the region's long-standing structural challenges, combined with high borrowing costs, weak external demand, geopolitical tensions, and ongoing inflation. In its latest “Latin America and Caribbean Economic Update” released on Wednesday, the World Bank predicts an economic growth rate of 2.1% for the region in 2026, down from the 2.4% growth recorded in 2025, and also lower than the 2.5% growth forecast made by the institution in October last year. The report indicates that private consumption remains the main driver of demand.
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