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ECLAC to update GDP forecasts amidst complex current context

Santiago de Chile, Apr 29 (Prensa Latina) The Economic Commission for Latin America and the Caribbean (ECLAC) will release new projections for the regional Gross Domestic Product (GDP) in the current context, marked by the trade war launched by the United States.

To update its estimates, ECLAC will take into account the performance of economies during the first months of the year and the situation of persistent international volatility and uncertainty, according to a statement published on its official website.

In its most recent report, released last December, the organization predicted growth of just 2.4 percent in 2025, a figure that could be revised downward.

The organization’s executive secretary, José Manuel Salazar-Xirinachs, responded to several media outlets about the impact on the region of the protectionist measures announced by US President Donald Trump, stating that the effects would vary for each country, depending on the direction of their foreign trade.

Among the most vulnerable, the official mentioned Mexico, because 84 percent of its exports go to the United States, and to Central America, due to remittances sent by migrants. He considered South American countries, whose main trading partners are China and the European Union, to be less vulnerable.

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