The International Monetary Fund released its “World Economic Outlook” report for 2024 and 2025 this month.
The financial organization of the United Nations, he International Monetary Fund (IMF)updated its report World Economic Outlook (WEO), published in January, which predicts economic growth for most countries in Latin America in the year 2025.
He IMF calculates that the Gross Domestic Product (GDP) of Latin America and the Caribbean It will be 2.0% for this year (0.3% less than 2023), while for next year it is estimated that it will have an increase of 0.5%. Meanwhile, real GDP growth of 3.2% is expected for the world economy, the same percentage as last year and what is expected for next year.
According to the report of IMF, “Economic activity was surprisingly resilient during the disinflation In this way, activity grew steadily despite signs of stagflation and global recession. According to the organization, “the unexpected economic resilience, despite considerable increases in bank interest rates central to price stability, is also due to the ability of households in the main advanced economies to draw on the significant savings accumulated during the pandemic.
Good forecasts for the region in 2025
In the region, the only country for which an increase in the GDP is Argentina, which will be three tenths lower than last year but an improvement of one tenth is expected by 2025 with 2.5%. In that sense, from the organization led by Kristalina Georgieva They expect South America to go from the expected 1.5% in 2023 to 1.4% this year and 2.5% next year.
Brazil, Meanwhile, it anticipates a GDP increase of 2.2% and 2.1% next year. For its part, Venezuela expects the largest increase expected in the region with 4%, followed by Paraguay with 3.8%. Uruguay is in third place and Peru in the fourth with 2.5%. Chili and Bolivia will have an increase of 2% and 1.6%, respectively, while for Colombia and Ecuador will be 1.1% and 0.1%.
Predictions for Uruguay
The country ranked third in economic growth forecasts within the region with 3.7%, being one of the three countries (including Colombia and Peru) that managed to improve their data compared to 2023. During the October report of last year, the forecasts of the IMF for him Uruguay They were 2.3% for this year, achieving an increase of 1.4%.
For its part, next year a growth of the GDP for him Uruguay that reaches 2.7%.
Source: Ambito
