THE Economic Commission for Latin America and the Caribbean (ECLAC) is projecting regional economic growth of 2.2% this year, increasing slightly to 2.5% in 2027, urging that increasing productivity and growth is necessary for reducing informality through productive formalisation strategies.ECLAC has presented the latest edition of its annual report titled “Economic Survey of Latin America and the Caribbean 2026. Growth and productivity amid high informality; constraints and challenges in fostering productive formalisation in the region”.