March 7, 2019 |
The IMF has revised its economic growth forecasts for Latin America, projecting the region will grow 2% this year, before rising 2.5% in 2020.
The IMF's latest forecasts build on 1.1% growth last year and a 1.3% increase in 2017, after an economic decline of 0.6% in 2016.
Brazil's economy will likely lead the way with 2.5% growth this year, after posting an estimated 1.3% increase in 2018, Alejandro Werner, director of the Western Hemisphere department of the IMF, said at the 2019 Latin America
Region will likely grow 2% this year, led by a rising economy in Brazil