IMF Forecasts Sharper Regional Deceleration

IMF Forecasts Sharper Regional Deceleration

Caribbean

Growth in the LatAm and Caribbean region will slow more than previously expected, according to the IMF’s latest World Economic Outlook, which cuts the global growth outlook to 3%. Regional GDP growth is projected to drop to 4.50% in 2008 from 5.50% in 2007, falling again to 3.25% in 2009. Argentina and Venezuela look set for the biggest fall, while Mexican and Brazilian growth are forecast to ease to 1.8% and 3.5%, respectively, in 2009. “The somewhat sharper deceleration in 2009 than envisaged

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