Latin America and Caribbean economies starting to grow, World Bank report says

Latin America and Caribbean economies starting to grow, World Bank report says

12:01 PM - After a period of slow and negative growth, the Latin American and Caribbean economies are starting to show a strong recovery, the World Bank said in a report released Wednesday.

But the losses from a string of recent natural disasters including last month’s Mexico earthquake and hurricanes Irma and Maria in the Caribbean could create economic pressures domestically.

The recovery of the region is being led by strengthening commodity prices and economic stability in the U.S. and China. That has translated into positive growth for South America, led by Argentina and Brazil. Still, the region’s economies are not living up to their potential and need to do more to insulate themselves from external pressures

 

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