Latin American economies are expected to remain weak in 2016, partly as a result of problems in key countries such as Brazil.
The International Monetary Fund (IMF) expects Latin America’s GDP will contract by 0.3% in 2016, worse than its previous forecast of a growth of 0.8%. The agency’s latest forecast also predicts the region’s GDP will grow by only 1.6% in 2017, less than its previous forecast of 2.3%. Weak commodity prices are cited as one of the reasons for the downgrade.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up