NAVIGATING THE NEW NORMAL: HOW LATIN AMERICA AND THE CARIBBEAN CAN REIGNITE GROWTH WHILE TAMING INFLATION?

Abstract

After years of turbulence—from the COVID-19 pandemic to global inflation shocks—Latin America and the Caribbean (LAC) are entering a new economic phase. According to the October 2023 Regional Economic Outlook by the International Monetary Fund, the region is transitioning from recovery to recalibration. The challenge now lies in sustaining stability, containing inflation, and rekindling growth amid tightening global conditions. This article synthesizes the report’s findings and proposes a roadmap for LAC to adapt, thrive, and secure its future.