Americas August 2018

Turmoil in the financial markets of emerging economies will remain a headwind to upstream investment in Latin America.

The currency crisis in Turkey has rattled Latin American financial markets and could affect the region’s economic growth prospects. Consequently, the International Monetary Fund (IMF) has lowered its GDP growth forecasts for Latin America and the Caribbean. The IMF now expects the region’s economy to expand by 1.6% on an annual basis in 2018, down from its previous forecast of 2%. It expects the region’s GDP to expand...