Latin America and the Caribbean's economy will grow 2.2% in 2026, unchanged from ECLAC's earlier forecast, before picking up to 2.5% in 2027, as high informality and weak investment continue to cripple the region's growth potential, the UN body says.
No more elections in Nicaragua: Ortega foregoes democratic facades and builds a Chinese-backed fortress economy to dodge US sanctions.
Nicaragua has cut diplomatic relations with Italy, the government of President Daniel Ortega said, after Rome renewed calls for the extradition of a former Red Brigades militant.
Latin American economies face renewed inflationary pressure and possible delays to interest rate cuts if a strong El Niño weather pattern disrupts food production, electricity generation and infrastructure this year, Swiss bank UBS said in a note.
The war between the US, Israel and Iran will continue to weigh on Latin American and Caribbean economies for the rest of 2026, even if last month's fragile ceasefire holds, the UN's regional economic body has warned.
The International Monetary Fund has cut its forecast for global economic growth in 2026 to 3%, citing the fallout from the war in the Middle East, while projecting that Latin America and the Caribbean would grow 2.4% this year and 2.7% in 2027.
At least 838,363 Nicaraguans — close to 13% of the population — left the country between April 2018 and December 2024 as a result of political persecution, according to figures published this month by the Nicaragua Nunca Más Collective.
The World Bank has trimmed its growth forecasts for Latin America and the Caribbean for both 2026 and 2027, blaming the inflationary and monetary fallout from the Middle East conflict.