The International Monetary Fund (IMF) has decreased its forecast for economic growth for Latin America and the Caribbean for 2018 and 2019, mainly due to the recent appreciation in the US dollar and an increase in the petrol prices.
The IMF estimates that the economies of the region will grow by 1.6% this year and 2.6% the following year. This is a decrease in the forecast of 0.4% and 0.2% respectively over the forecast issued in April.
Despite this downward adjustment, the growth projection for Latin America still represents an increase over the 1.3% reached in 2017.
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Listin Diario
18 July 2018
