THE UNIVERSAL
Thursday July 9, 2015 10:22 a.m.
Caracas The International Monetary Fund (IMF) today returned to slash growth forecasts for Latin America, which will expand only 0.5% in 2015 and 1.7% in 2016, four and three tenths less than expected in April, weighed down by falling prices of raw materials and the paradigm shift in China, Efe reported.
In the update of its report “Economic Outlook Global”, the IMF expects Brazil completed this year with a contraction of 1.5% and Mexico to expand by 2.4%, in both cases with downward revisions five- and six-tenths, respectively, compared to the calculated three months ago.
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