UN Economic Commission for Latin America

Economic growth in Latin America and the Caribbean will be lower than expected at 1.8 percent this year due to the war in Ukraine, a UN body has said. 

In 2021, the region's gross domestic product (GDP) growth was 6.2 percent, and the UN Economic Commission for Latin America and the Caribbean (ECLAC) in January forecast growth of 2.1 percent for 2022.    

A worrying social crisis is brewing in Latin America where the coronavirus pandemic is spiralling, experts are warning, as fears of a second wave in the United States sent shivers through global markets.