ECLAC Raises Regional Growth Forecasts To 5%

ECLAC, the UN’s Economic Commission for Latin America, has raised its growth forecasts for Latin America and the Caribbean region this year from 4.6% to 5%, in large part due to the economic performances of Brazil and Mexico. Sustained global growth and continuing liquidity underpinned the region’s growth of 4.5% last year and economic expansion this year. Growth forecasts for Brazil and Mexico were both raised half a percentage point, from 3.5% to 4%.