Lacklustre economic growth will remain a concern for countries in Latin America and the Caribbean this year and next.
The region’s weaker potential for economic growth will deter upstream investment and hit gas demand from industry and the power sector. The International Monetary Fund (IMF) expects the region’s GDP to contract by 0.4% on an annual basis in 2016 and forecasts marginal growth, of 1.6%, in 2017. Economic growth was stagnant in Latin America and the Caribbean last year.
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