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11/10/2017 - 18:14hs

World Bank sees Latin America growing

The region’s GDP is expected to be up 1.2% this year and 2.3% in the next, while Brazil is seen growing 0.7% in 2017 and 2.3% in 2018.

Washington, DC – The World Bank said this Wednesday (11) in Washington, DC that it expects the economies of Latin America and the Caribbean to show 1.2% growth this year, driven by South America. In 2018, Latin American growth is expected to almost double to 2.3%, the UN News Centre reported.

Brazil is expected to grow by 0.7% in 2017 and 2.3% in 2018 in the wake of a two-year recession spell, according to a first-half report from World Bank chief economist for Latin America and the Caribbean Carlos Végh.

The International Monetary Fund (IMF) also predicted that Brazil’s Gross Domestic Product (GDP) will widen by 0.7%, but its 2018 forecast is more modest at 1.5%, it said on Tuesday (10).

*With information from the ANBA Newsroom. Translated by Gabriel Pomerancblum

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