The world Bank (BM) improved growth projection for Argentina in 2025: it foresees an expansion of 5.5 percent, compared to an earlier estimate of 5 percent, despite a challenging International context. The calculation for the country is the same as this week the International Monetary Fund (IMF), with whom Argentina comes from closing a 20,000 million dollars agreement this month.
On the other hand, the BM cut its growth forecast for Latin America and the Caribbean in 2025 to 2.1 percent from its expansion projection of January 2.5 percent, noting that regional economies must adapt to navigate in the growing global uncertainty.
The agency cited a delay in the cuts of interest rates in developed economies, concern for global commercial restrictions, deceleration of growth in China and cuts in foreign aid for development, as reasons for the adjustment of perspectives.
-Growth forecasts by 2025 in the two largest regional economies, Brazil and Mexico were reduced with respect to January updates of the World Bank.
Mexico would register zero growth this year, after the previous projection of an expansion of 1.5 percent, while the forecast for Brazil was reduced to 1.8 from the previous 2.2 percent.
The IMF predicted this week a contraction of 0.3 percent in the Mexican economy in 2025, warning that the impact of US tariffs and the increase in commercial tensions would further decelerate world economic growth.
