Growth projections in the region next year have been trimmed downwards due to inflation and skyrocketing interest rates, the International Monetary Fund (IMF) announced Thursday.
Credit rating consultants Moody's has warned that inflation and political risk will undermine Latin America's growth through 2023 amid recession both globally and in the region's main economies.
Uruguay's Economy Minister Azucena Arbeleche Monday said the Government foresees a 4.8% growth in 2022 and the creation of 40,000 jobs, which would make the lowering taxes feasible.
The International Monetary Fund (IMF) has raised its projections for Argentina's growth during 2022 to 4%, it was reported Tuesday in Washington DC. These figures show an improvement from those released just days ago by other agencies such as the World Bank (3.6%).
China finally admits that the economy has suffered because of Covid 19 measures and the crackdown on real estate debt, and is this new volatile, grave and uncertain environment, the growth target has been lowered to around 5,5%.
Paraguay's Treasury Monday forecast economic growth of 4.5% by the end of 2021, it was announced.
Brazil's Gross Domestic Product (GDP) contracted 0.1% in the 2nd quarter of 2021, the Brazilian Institute of Geography and Statistics (IBGE) reported Wednesday.
A new “Economic Study of Latin America and the Caribbean” report released Tuesday by the Economic Commission for Latin America and the Caribbean (ECLAC) raised its growth forecast for the region from 5.2% in July to 5.9%.
Mexico’s economy contracted 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction, worsened due to the Covid-19’s pandemic. Latin America's second economy, the gross domestic product grew 3.1% in the final three months of the year, according to preliminary data released on Friday by the National Statistics and Geography Institute.
IMF projects China's economy will grow 8.1% in 2021 and 5.6% in 2022. The global growth is expected to be 5.5% in 2021 and 4.2% in 2022 after an estimated 3.5% contraction in 2020, according to the latest World Economic Outlook (WEO) released on Tuesday.