Friday 19 August 2022

IMF: Economy Will Fall 0.5% in Latin America This Year

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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%.

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Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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