Latin American economy

Latin America's economy is diverse, featuring countries with rich natural resources, agriculture, manufacturing, and growing service sectors. It faces challenges such as income inequality, inflation, and reliance on commodities like oil and minerals, which can cause economic instability. Many nations are working to diversify their economies, improve infrastructure, and attract investment. The region also experiences economic fluctuations driven by global commodity prices and political changes. Overall, Latin America's economy is dynamic, with significant potential for growth and development amid ongoing efforts to address structural issues.