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World Bank bumps up GDP estimates in LatAm

World Bank bumps up GDP estimates in LatAm

March 30, 2021
Multilateral lender now expects the region to grow 4.4% this year as a post-pandemic recovery presents a chance for "significant transformation"

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The World Bank said Monday that it expects GDP in Latin America and the Caribbean to rise 4.4% in 2021, up from a previous estimate of 4% growth, as a rebound from the COVID-19 pandemic presents "potential for significant transformation in key sectors." "The immense disruption from the pandemic may lay the groundwork for higher productivity through economic restructuring and digitization," the World Bank said in a press release to announce the release of a semi-annual report on the region called

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