Weaker than average growth for the LAC; stronger fiscal adjustments required for increased investment

WASHINGTON, USA — An Inter-American Development Bank (IDB) report published recently, titled “A Mandate for Growth” ,which is a supplement of its annual “2018 Latin American and Caribbean Macroeconomic Report” states that there is a fear that growth for the Latin American and Caribbean (LAC) region will be weaker than average compared to the rest of the world.

The report states that, while the world economy in 2018 is projected to grow at 3.9 percent, with no less than 185 countries out of 193 expected to register positive growth; and with at least 80 economies expected to post growth rates of more than 3.5 percent, the LAC is expected to grow at just 1.9 percent in 2018. This disappointing performance given the developments in the rest of the world is due to both…

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