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LatinNews Regional Monitor: Brazil & Southern Cone - 12 June 2017
Region: IMF cautiously optimistic
In its latest (May 2017) Regional Economic Outlook for the Western Hemisphere, the International Monetary Fund (IMF) said it expected Latin America and the Caribbean to gradually emerge from recession in 2017, with average regional growth of 1.1%, rising to 2% in 2018. However, it also warns that growth is expected to remain subdued at about 2.6% in the medium term. Echoing ECLAC it advises that regional countries need to address infrastructure, strengthen the business environment and tackle corruption so as to ensure stronger and more inclusive growth going forward.
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