Tag: South America economies

• Monday, April 11th 2016 - 06:05 UTC

  ECLAC anticipates minus 1.9% contraction in economic activity this year in South America

  

  Latin America and the Caribbean are forecast to have an average economic activity contraction of -0.6% during 2016, according to the latest release from the Economic Commission for Latin America and the Caribbean (ECLAC). This new estimate reflects that the contraction experienced by regional Gross Domestic Product (GDP) in 2015 (-0.5%) will extend to the current year.

• Tuesday, October 6th 2015 - 07:40 UTC

  Latin America forecasted to contract 0.3% this year and 0.7% growth in 2016

  

  The United Nations Economic Commission for Latin America and the Caribbean, ECLAC, forecasted a downward trend in the region’s economic activity for 2015 to -0.3% from 0.5%, and estimates that for 2016 growth will be close to 0.7%.