FLMX - Outlook For Latin America And The Caribbean: A Stalling Recovery
By Alejandro Werner, Director of the Western Hemisphere Department of the International Monetary Fund
Economic activity in Latin America and the Caribbean remains sluggish. Real GDP is expected to grow by 0.6 percent in 2019 - the slowest rate since 2016 - before rising to 2.3 percent in 2020.
The weak momentum reflects negative surprises in the first half of 2019, elevated domestic policy uncertainty in some large economies, heightened US-China trade tensions, and somewhat lower global growth.
Elevated policy uncertainty in some large economies of the region has also contributed to the weak growth