The Argentine economy will fall by 3.1% this year, according to the World Bank

According to the report, Latin America and the Caribbean, excluding Venezuela, will grow by 0.8% in 2019 and by 1.8% in 2020.

"The Argentinian recession will intensify before the start of the recovery," the entity said, citing two years of continued decline after the impact of the devaluation.

The work has highlighted the fact that the Pacific, Central American and Caribbean countries will continue to grow faster, on average, than the Atlantic countries.

The report indicates that the largest economies in the region have faced recessions, macroeconomic turbulence or slower growth, indicating that Brazil will grow by 0.9 percent; Mexico, 0.6% and Colombia 3.3% this year.

He warned that a "brake on the global economy could lead to further deterioration of these prospects", although he said that "greater integration into international trade and the global value chains could boost economic growth. "

The study indicates that the trade agreements concluded between Mexico, the United States and Canada (T-MEC), Mercosur and the European Union, negotiated over the past year ", represent opportunities for a more great commercial integration and, more regional dynamism "

"Both can have significant positive effects on growth, although the environmental impacts and potential negative impacts on certain areas need to be addressed," says the report, "Trade Integration as a Development Pathway?"