|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Latin America (Click here for more)

Latin America Economy to Shrink This Year, UN Panel Says

SANTIAGO – The economy of Latin America and the Caribbean will shrink by 0.3 percent this year, the UN Economic Commission for Latin America and the Caribbean, or ECLAC, said on Monday, revising downward an earlier forecast that called for growth of 0.5 percent.

Major factors contributing to the contraction include weak domestic demand, a substantial slowdown in emerging economies, especially China, the strengthening of the dollar and increased volatility in financial markets, Santiago-based ECLAC said.

Despite the negative regional trend, the outlook varies widely among countries.

“Growth projections indicate that South American economies – specialized in the production of commodities, especially oil and minerals, and with a growing degree of trade integration with China – will register the biggest deceleration,” ECLAC said.

The South American sub-region is expected to contract roughly 1.3 percent this year and 0.1 percent in 2016, with downturns of 6.7 percent in Venezuela and 2.8 percent in Brazil.

At the opposite end of the spectrum, the ECLAC report calls for growth of 5.8 percent in Panama and 5.6 percent in the Dominican Republic.

Countries whose economies are linked most tightly to the U.S., such as Mexico and the nations of Central America and the Caribbean, are expected to enjoy continued modest growth.

ECLAC predicts the regional economy will expand 0.7 percent in 2016.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved