The Latin American Growth Slowdown
The Latin American Growth Slowdown
Falling commodity prices dim the region's outlook. 2015 may be the fifth straight year of weak growth.
In January, the International Monetary Fund (IMF) updated its growth forecasts—and the news was not uplifting for Latin America and the Caribbean. Average regional growth for 2015 was revised downward from 2.2 percent to 1.3 percent.
The report forecast that Brazil, the region’s largest economy, would remain stagnant for another year, while the economies of Argentina and Venezuela were projected to continue contracting. Growth rates in other energy-exporting economies (notably Bolivia, Colombia and Ecuador) were expected to fall, as the sharp drop in oil prices will affect...
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