World Bank Group

11/07/2024 | Press release | Distributed by Public on 11/05/2024 18:08

World Bank Tokyo Online Morning Seminar #199 “Latin America and the Caribbean Economic Review, October 2024 edition – Taxing Wealth for Equity and Growth”

Latin America and the Caribbean (LAC) will grow 1.9 percent in 2024, slightly exceeding previous estimates, according to the World Bank's report "Taxing Wealth for Equity and Growth" published on October 9, 2024. In 2025, the region is forecast to grow 2.6 percent. These are the lowest rates among all global regions, highlighting persistent structural bottlenecks. To accelerate growth, the region must seize the current momentum. The U.S. Federal Reserve's decision to lower interest rates is expected to provide some relief. Inflation control is another positive development, thanks to the region's effective macroeconomic management. Brazil and Peru are on track to meet their inflation targets in 2024, with other major economies expected to follow soon after.

At this online seminar, William Maloney, Chief Economist for Latin America and the Caribbean Region, will present the main findings of the report. This online seminar will be held in English, without interpretation into Japanese.

Speaker:

William Maloney
Chief Economist for Latin America and the Caribbean Region, World Bank

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