The International Monetary Fund (IMF) estimates that the economy of Latin America and the Caribbean will grow 2.3% in 2026. This figure, although it improves the organization’s previous forecast, is one tenth less than the 2.4% registered in 2025.
For 2027, the IMF maintains its regional growth forecast at 2.7%. For Central America, 3.7% is expected in 2026; Meanwhile, the Caribbean – driven by the tourism sector – will grow 5.7%. The report notes that energy-importing countries are more vulnerable, while exporters could partially benefit.
Brazil slows down and Mexico improves
The regional giant, Brazilwill grow 1.9% in 2026 (compared to 2.3% in 2025), affected by lower global demand. Mexico It will grow 1.6% in 2026 and 2.2% in 2027, limited by restrictive monetary policy and tensions with the United States.
Argentina projects growth of 3.5% in 2026 and 4% in 2027. In the Andean region, Colombia will grow 2.3% in 2026; Chili2.4%, and Peru2.8%.
The Venezuela case
Venezuela shows significant acceleration: after growing 1.5% in 2025, the IMF forecasts an expansion of 4% in 2026 and 6% in 2027. In contrast, Bolivia will register a drop of -3.3% in 2026, while Paraguay will grow 4.2% and Uruguay 1.8% this year.
