The International Monetary Fund (IMF) Tuesday admitted that Latin America and the Caribbean will grow 1.9% this year, 0.3 percentage points above April's projections due to the momentum of the economies in Brazil and Mexico.
The International Monetary Fund (IMF) Monday adjusted its projections for 2023 with relatively good news since it upgraded its growth forecast for Latin America by 0.1 percentage points from October's figures. The economy in Latin America and the Caribbean is expected to grow by 1.8% this year amid steady inflation and the worldwide consequences of the armed conflict in Ukraine, the IMF heralded.