Economic Growth in Latin America and Caribbean Picking Up


WASHINGTON, United States, Friday May 11, 2018 – Growth in Latin America and the Caribbean is picking up, thanks to stronger demand at home, and a favourable global environment helped also by rebounding commodity prices.

But to secure more durable growth with widespread benefits, the region needs to invest more in key sectors, like infrastructure and education, to boost productivity over the longer-term, the IMF said in its latest regional assessment.

The Regional Economic Outlook for the Western Hemisphere estimates growth for the region to increase from 1.3 percent in 2017 to 2 percent in 2018. For 2019, the report forecasts growth to continue to pick up to 2.8 percent.

Following the recovery in private consumption in 2017, business investment is expected to rise and become the…

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