World Bank: Latin America Grows Hand in Hand with Mining

The report also indicates that "China's slow growth could reduce demand for commodities, especially in Chile and Peru."

According to the World Bank report "Global Economic Prospects: Latin America and the Caribbean," growth in Latin America and the Caribbean is expected to accelerate, reaching 2.5% in 2025 and 2.6% in 2026.

In the case of Chile, it will benefit "from green energy exports (copper, lithium) despite lower demand from China," expanding its economy by 2.2% annually.

Peru will also take advantage of mining and "grow by 2.5%, thanks to the support of investments" in the sector: "It is likely that consumption growth will moderate."

Similarly, "Argentina began to recover in the second half of the year, supported by income from agriculture and mining."

The report also indicates that "China's slow growth could reduce demand for commodities, especially in Chile and Peru."

Finally, it states that "the economic performance of the region will depend on a combination of internal and international factors, where commodity prices and global demand will play a moderate role."