Overview

• The new regional report keeps the 2025 growth outlook at 2.3% and nudges 2026 up to 2.5%, a 0.1 point increase from June.
• Brazil is projected to expand 2.4% in 2025 and 2.2% in 2026, outpacing the Central Bank and market consensus cited domestically.
• Argentina’s recovery is still strong but was revised down to 4.6% in 2025 from 5.5%, with 4.0% expected in 2026.
• Divergence persists across countries, with Bolivia forecast to contract over multiple years and Guyana set for oil-driven surges of 11.8% in 2025, 22.4% in 2026 and 24% in 2027.
• The report cites persistent inflation, high debt, policy uncertainty from U.S. tariffs, weak infrastructure and education gaps, as officials call for reforms to improve the business climate, mobilize private capital and match skills to jobs.