World Bank ups estimate on Latam growth, bets on digitalization By Reuters

World Bank ups estimate on Latam growth, bets on digitalization

© Reuters. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo

The World Bank report said significant deficits across the region limit investments needed to reach the area's growth potential. "There's potential for doing what we do in a different way," said William Maloney, Latin America and the Caribbean chief economist at the World Bank. The debt-to-output ratio has fallen to 64% from 67% a year ago, but remains above 57% in 2019. With interest rates climbing in developed markets and growing expectations they will remain higher for some time, the ratio points to a growing cost of servicing that debt.

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