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In 2022, the regional gross domestic product (GDP) in Latin America and the Caribbean grew more than ten percent compared to the previous year. In 2020, the GDP of all the subregion shrunk, with Central America being the worst hit by the economic crisis spawned from the coronavirus pandemic, with a real GDP decrease of seven percent. This was the first time that this part of Latin America experiences a GDP fall since at least 2016. Forecasts for 2026 depict a slight reduction in growth.