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ECLAC will present regional growth forecasts for 2024 and 2025

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Santiago de Chile, Aug 13 (Prensa Latina) The Economic Commission for Latin America and the Caribbean (ECLAC) will present its report on the regional Gross Domestic Product in recent months, and its growth estimates for 2024 and 2025.

The document will be announced at a press conference by executive secretary of ECLAC José Manuel Salazar-Xirinachs.

In addition to the analysis of the macroeconomic situation, the study will examine the impact of the low growth in issues of employment dynamics and labor informality, as well as analyze the consequences of a worsening of climate shocks on the creation of jobs, announced a statement from the United Nations agency.

The region is subjected to extreme events ranging from droughts to floods, storms and hurricanes, forest fires, and earthquakes.

The executive secretary of ECLAC recently warned that the region is also mired in three development traps: low and volatile growth; high inequality and low social mobility; and low institutional and governance capacity.

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