Americas Economic overview

January 2018

Improving macroeconomics will support upstream investment and gas consumption in the Americas in 2018.

The overall economic picture in Latin America and the Caribbean seems to be improving, even though countries such as Venezuela are continuing to face economic and political crises. The International Monetary Fund (IMF) estimates the region’s economy grew by 1.2% on an annual basis in 2017 and forecasts it will expand by 1.9% in 2018. The GDP of Latin America and the Caribbean contracted by 0.9% in 2016, which took its toll...

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