By Marco Cacciati Latin America and the Caribbean are facing a ‘low economic growth trap’ that threatens to stall progress across the region, according to a new report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC). The organisation’s annual Economic Survey, released last week, paints a sobering picture of sluggish investment, declining productivity, and limited fiscal manoeuvring room for many countries. Growth Projections Revised Downward ECLAC has trimmed its 2024 growth forecast for the region to just 1.8%, down from an earlier projection of 2.1%. T…