Moody’s Analytics projects Latin America’s economy to expand by 2.2% in 2025, with growth expected across key markets including Argentina, Brazil, Colombia, Chile, and Uruguay. The outlook has improved on the back of stronger-than-anticipated first-quarter performances in Argentina, Brazil, and Chile. Argentina is set to lead the region with a 5.2% rebound, recovering from GDP contractions of 1.7% in 2024 and 1.6% in 2023. Peru is expected to deliver the second-highest growth, at 3.1% in 2025, supported by higher metals prices and robust consumer demand. Mexico, by contrast, is projected to grow only 0.1%, weighed down by tariff uncertainty, austerity measures, and weak investment.