With Caribbean governments already frowning on recent reports that point to economic underperformance and food security challenges in the period ahead, the region could certainly have done without the most recent prognosis by the Economic Commission for Latin America and the Caribbean (ECLAC), going forward.
Just over a week ago, on October 19, ECLAC proffered a prediction that economic growth in Latin America and the Caribbean is likely to be around 1.4%, a deceleration over the region’s projected performance for this year. Regional growth for 2022 is forecast at 3.2%.
The United National regional body says in its assessment that Latin America and the Caribbean, like elsewhere across the globe is likely to continue to be impacted by the effects of the war in the Ukraine.