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Americas Economic overview

December 2018

Currency woes will remain a major headwind to economic growth prospects in Latin America and the Caribbean.

The International Monetary Fund (IMF) has slashed its GDP growth forecasts for Latin America and the Caribbean, partly because of the economic and currency-related challenges faced by Argentina and Venezuela. The agency now expects the region’s GDP to expand by 1.2% on an annual basis in 2018 and 2.2% in 2019. This is lower than its previous growth forecasts, which were for 2% in 2018 and 2.8% in 2019.

Argentina’s...