World Bank forecasts modest Latin American growth, raises Mexico outlook
publishers 24articles 28first reported 5 Oct, 09:29 UTCdeveloping since 5 Oct · 24 editions
The World Bank expects Latin America and the Caribbean to grow 2.2% in 2026, a 0.1-percentage-point upgrade from its previous forecast but slightly below the region’s 2.4% growth in 2025.
In its latest regional economic update, the bank projected uneven performance among major economies. Peru is forecast to expand 3.2%, Colombia 2.3%, and Argentina and Brazil 2.1% each. Mexico is expected to grow 1.4%, up from the bank’s earlier 1.3% forecast, while Chile has the weakest outlook among the six large economies at 0.8%.
The bank said Mexico’s private investment remains constrained by domestic and external policy uncertainty, trade friction and a waning boost from major public infrastructure projects. It forecasts Mexican growth of 1.8% in 2027 and 2.2% in 2028.
Colombia’s 2.3% forecast is unchanged and represents a slowdown from 2.6% in 2025. Consumer spending continues to support activity, while high interest rates, fiscal constraints and earthquake reconstruction costs limit faster growth.
Argentina is projected to record a third consecutive year of growth in 2027 for the first time in nearly two decades. The bank attributed its recovery to fiscal consolidation, tax changes and greater economic openness, forecasting 3% growth next year after 2.1% in 2026.
The World Bank said regional risks remain tilted downward, citing volatile energy prices, persistently high interest rates and possible disruptions to agriculture and hydropower from El Niño.
HOW THIS STORY WAS MADE
Written from 8 articles, 8 with the publisher's own text; 6 independent newsrooms once syndicated copies count as one; this version written 48 h after the record first saw the story; the editor kept it as written.
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- This version written
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- Second model (editor)
- kept as written
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