WORLD BANK CUTS LATIN AMERICAN AND CARIBBEAN GROWTH VIEW

The World Bank on Wednesday cut its 2025 economic growth forecast for Latin America and the Caribbean to 2.1% from its January forecast of 2.5%, saying regional economies must adapt to navigate increasing global uncertainties.

The global lender cited a delay in interest rate cuts in developed economies, concerns around global trade restrictions, slowing growth in China, and cuts in overseas development assistance as reasons for the outlook adjustment.

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