IMF Marks Down Growth Forecasts For Caribbean, Latin America | RJR News


The International Monetary Fund (IMF) has marked down its growth forecasts for Latin America and the Caribbean to 1.2 per cent in 2018 and 2.2 per cent in 2019, from the May 2018 forecasts of 2.0 per cent and 2.8 per cent, respectively.

 

The Washington-based financial institution on Wednesday said the moderating recovery is underpinned by divergent growth outcomes across the region. 

 

In some of the region’s largest economies, it said the recovery has slowed sharply, as country-specific characteristics amplify the impact of growing trade tensions and tightening monetary conditions.

 

The IMF said the higher global oil prices coupled with increased political uncertainty have dampened the near-term outlook in several economies in…

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