{
  "id": 12403735,
  "title": "Argentina’s economy to grow 2.1% this year, predicts World Bank",
  "url": "https://urgent.news/2026/10/06/argentinas-economy-to-grow-2-1-this-year-predicts-world-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T14:29:00.000Z",
  "source": {
    "name": "Buenos Aires Times",
    "slug": "buenos-aires-times",
    "url": "https://www.batimes.com.ar/news/economy/argentinas-economy-to-grow-21-this-year-predicts-world-bank.phtml"
  },
  "original_language": "en",
  "account": "The World Bank has revised its growth forecast for Latin America and the Caribbean, predicting Argentina's GDP to rise by 2.1 percent this year. In their biannual Regional Economic Update, the bank highlighted the South American nation's economic recovery, attributing the growth to fiscal consolidation, tax reforms, and a more open economy. Argentina's GDP expanded by 4.5 percent last year and is projected to expand by 3 percent in 2027, marking the first consecutive year of growth in nearly two decades. The wider region is expected to experience modest growth, with the bank warning of potential risks from high energy prices and the climate phenomenon El Niño. Susana Cordeiro Guerra, the bank's regional vice president, noted that Latin America and the Caribbean has the potential to achieve stronger and more ambitious growth if countries maintain sound macroeconomic frameworks, strengthen institutions, and advance reforms. However, the World Bank stated that risks to the region are tilted to the downside, citing energy price volatility and the impact of El Niño on agriculture and hydropower. El Niño, a natural phenomenon caused by the warming of sea surfaces, is expected to peak at an intensity never observed in the modern era, further exacerbating global inflation. The bank identified Argentina, El Salvador, Paraguay, Panama, and the Dominican Republic as the strongest performers in the region, with El Salvador and Paraguay particularly benefiting from improved security conditions and government austerity. The region's largest economies, Brazil and Mexico, are growing at or below the average, hindered by tight monetary conditions, policy uncertainty, and fading public investment. The World Bank emphasized the urgent need for new engines of productivity in the region, highlighting the potential of AI technology to help create better jobs and increase incomes.",
  "summary": "Multilateral lender predicts modest growth for Latin America and the Caribbean, highlights risks of El Niño; Insufficient growth is undermining efforts to tackle poverty. Leer más",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}