The fleet of light electric vehicles in Latin America and the Caribbean saw a dramatic surge last year, tripling in size from 154,966 registered units at the end of 2023 to 444,071 vehicles by December 2024, according to data from Olade.
China has offered Latin American and Caribbean countries a CNY66bn ($9.2bn) credit line as part of a comprehensive economic and political cooperation package presented during the CELAC-China summit in Beijing.
The UN's Economic Commission for Latin America and the Caribbean (ECLAC) has downgraded its 2025 growth forecast to 2%, adding to a chorus of international institutions painting a bleak outlook for the region.
Economic expansion for region projected to be slowest globally as external pressures mount
Latin American leaders gathered in Honduras on April 9 to condemn United States trade measures during the ninth summit of the Community of Latin American and Caribbean States (CELAC).
Trump's trade war unexpectedly boosts Latin America, with investors spotting fresh opportunities in a reshuffled global economic landscape.
The region's progress on UN goals is hampered by weak institutions and debt burden, warns UN commission in a new report.
Most regional economies hit with baseline 10% rate while Venezuela, Nicaragua and Guyana face steeper levies.
Latin America and the Caribbean has long been a region with one of the most informal labour markets. A large part of the workforce is outside of the formal economy, leaving many people without access to benefits and protections.