The Latgar Economic Affairs Committee raised Latin America's economic growth expectations to 2.7%

Xinhua News Agency, Santiago, August 23 (Reporter Yin Nan Zhang Xiaoran) The United Nations Latin America and the Caribbean Economic Council (Latgar Economic Commission) released an economic research report in San Diego, Chile on the 23rd. Essence

This expectation is higher than the 2.1%and 1.8%predicted in January and April this year, but it is far lower than the economic growth rate of 6.5%last year in the region.

The report predicts that South America's economy will increase by 2.6%this year, lower than 6.9%last year; Central America and Mexico increased by 2.5%, lower than 5.7%last year; Essence

The report pointed out that this year and even the next years, Latin America and Caribbean countries are facing challenges such as slowing economic growth, increasing inflation pressure, insufficient employment positions, and declining investment. The region is returning to the level of low growth before the new crown epidemic.

The report also said that the average inflation rate of Latin America and Caribbean this June this year was 8.4%.

The Temporary Executive Secretary of the Laga Economic Commission, Mario Simerley, said at the report that the region needs to better coordinate macroeconomic policies, support economic growth, increase investment, reduce poverty and inequality, and control inflation.

[Editor in charge: Gu Yan]

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