IMF: Economy will fall 0.5% in Latin America this year
IMF: Economy will fall 0.5% in Latin America this year

Q24N -The recent numbers released by the International Monetary Fund (IMF) suggest that while the world recovery continues struggling to get strengthened, growth in Latin America and the Caribbean shows again a downtrend and is expected to shrink 0.5% for the second consecutive year in 2016.

However, these figures conceal the fact that most of nations keep growing in a moderate yet secure manner, while a small of economies –half of the region’s economies– are facing a recession caused by internal factors.

In the case of Venezuela, the IMF reported negative figures as of 2014 (-3.9%); 2015 (-5,7%);  2016 (-8,0% expected), and 2017 (-4,5%). In sum, the international body expects that the region’s economic growth picks up by 1.5%.