Overview

• CEPAL projects Latin America’s real GDP to rise 2.2% in 2025 and 2.3% in 2026 despite a backdrop of weak global demand.
• Argentina is expected to rebound sharply with 5% growth in 2025 after a 1.3% contraction in 2024, before moderating to 4% in 2026.
• Mexico’s expansion is forecast at just 0.3% this year and 1% in 2026, placing it among the region’s slowest performers.
• The commission warns that entrenched inequality, low competitiveness and fiscal constraints threaten to trap the region in a prolonged period of subdued growth.
• The report calls on governments to mobilize additional fiscal resources and implement structural reforms to finance sustainable, inclusive development.