Latin America and the Caribbean (LAC) economies have proven resilient despite increasing debt stress, inflation and rising global uncertainty. As a result, they should capitalize on the unique opportunities global economy trends offer in nearshoring and the green industry. However, trade openness and FDI flows have mostly been stagnant for this region which remains one of the least integrated.
The LAC region can improve growth for their economies by following specific measures, including:
- Accelerate inclusive growth so that everyone benefits from the development
- Maintaining macroeconomic stability
- Taking advantage of the opportunities trade integration offers
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