2025年拉丁美洲和加勒比经济初步概览（英）2025

Thank you for your interest inthis ECLAC publication Please register if you would like to receive information on our editorialproducts and activities. When you register, you may specify your particular Register Click on the link below for our social networks andother channels for accessing our publications: https://bit.ly/m/CEPAL Executive summary Preliminary Overviewof the Economies 2Executive summary José Manuel Salazar-XirinachsExecutive Secretary Javier Medina VásquezDeputy Executive Secretary a.i. Noel Pérez BenítezOfficer in Charge, Economic Development Division ThePreliminary Overview of the Economies of Latin America and the Caribbeanis issued annually by the Economic Development Divisionof the Economic Commission for Latin America and the Caribbean (ECLAC). This 2025 edition was prepared under the supervision ofNoel Pérez Benítez, Officer in Charge of the Division, while Ramón Pineda Salazar, Senior Economic Affairs Officer in the same Division,was responsible for its overall coordination. In the preparation of this document, the Economic Development Division was assisted by the Statistics Division, the Division of InternationalTrade and Integration, the ECLAC subregional headquarters in Mexico and the ECLAC subregional headquarters for the Caribbean, andthe Commission’s country offices in Argentina, Bogotá, Brasilia, Montevideo and Washington, D.C. The comments and contributions ofJosé Manuel Salazar-Xirinachs, Raquel Chanto, Cecilia Vera, Vianka Aliaga and Sergio Rivero are gratefully acknowledged. The report was prepared with inputs provided by the following experts: Esteban Pérez Caldentey, Georgina Cipoletta and Jeanelle Clarke(international context), Esteban Pérez-Caldentey (global liquidity), Christine Carton (external accounts), Claudio Aravena and RamónPineda Salazar (economic activity), Ramón Pineda Salazar, Claudio Aravena, Sonia Albornoz and Tomás Gálvez (employment and wages),Ramón Pineda Salazar (prices), Noel Pérez Benítez, Dalmiro Morán, Michael Hanni, Patricia Weng, Ivonne González, Elisa Araneda andJuan Manuel Badilla (fiscal policy), Francisco Villarreal and Alejandra Acevedo (monetary, exchange-rate and prudential policies), PabloCarvallo, Ramón Pineda Salazar, Christine Carton, Claudio Aravena and Temitope Farotimi (economic projections), with the assistance ofthe ECLAC subregional headquarters and national offices. Tomás Gálvez coordinated the preparation of the statistical annex in collaborationwith Alejandra Acevedo, Claudio Aravena, Pablo Carvallo, Ivonne González and Michael Hanni. The country notes were prepared by the following experts: Laura Abramo, Alejandra Acevedo, Anahí Amar, Claudio Aravena, Raquel Artecona,Fernando Balbuena, Christine Carton, Pablo Carvallo, Manuel Camilo Quesada, Martín Cherkasky, Georgina Cipoletta, Jeanelle Clarke,Temitope Farotimi, Lola Fainsod, Tomás Gálvez, Enrique González, Camila Gramkow, Michael Hanni, Michael Hendrickson, José Iraheta,Mayra Juruá Gomes, Álvaro Lalanne, Yinan Liang, Sheldon McLean, Claudia Ospina, Roberto Orozco, Ramón Padilla, Ángela María Penagos,Guillermo Peredo, Noel Pérez Benítez, Esteban Pérez Caldentey, Ramón Pineda Salazar, Manuel Quesada, Verónica Quiroz, Juan Carlos Rivas,Miosotis Rivas Peña, Indira Romero, Jesús Santamaría, Dejeanne Serville, Daniel Vergara, Francisco Villarreal, Patricia Weng and Romain Zivy.The United Nations and the countries it represents assume no responsibility for the content of links to external sites in this publication. United Nations publicationLC/PUB.2025/27 • Distribution: G • Copyright © United Nations, 2025 • All rights reservedPrinted at United Nations, Santiago • S.2500736[E] Explanatory notes:Three dots indicate that the data are missing, not separately reported or unavailable. A dash indicates that the amount is nil or negligible.A full stop is used to indicate decimals. This publication should be cited as: Economic Commission for Latin America and the Caribbean. (2025).Preliminary Overview of the Economies ofLatin America and the Caribbean, 2025. Executive summary(LC/PUB.2025/27). Applications for authorization to reproduce this work in whole or in part should be sent to the Economic Commission for Latin America andthe Caribbean (ECLAC), Documents and Publications Division, publicaciones.cepal@un.org. Member States and their governmental institutions mayreproduce this work without prior authorization, but are requested to mention the source and to inform ECLAC of such reproduction. Executive summary A. Globalandregionaltrendsin2025B. Economicoutlookfor2026C. Challengesformacroeconomicpolicymakers Economic growth in Latin America and the Caribbean remained subdued in 2025, constrained byweak domestic demand and an uncertain global environment. External sector results were mixed:some countries recorded higher exports of goods and services, while others were affected by pressure On the fiscal front, fiscal consolidation measures and debt interest payments