LatinNews Daily - 24 August 2018

* The United Nations Economic Commission for Latin America and the Caribbean (Eclac) has released its Economic Survey 2018 report in which it revised its 2018 economic growth prediction for Brazil downwards, from the 2.2% projected in April to just 1.6%. Eclac cites the eleven-day lorry drivers’ strike that brought the Brazilian economy to a standstill in May, the volatility of the international markets, the decrease of Brazilian exports to Argentina, and the uncertainty that surrounds Brazil’s 7 October general election as reasons for its revision. International credit rating’s agency Moody’s Investor Service has also revised down its 2018 growth prediction for Brazil to 1.8%, from 2.5% previously.

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