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RIO DE JANEIRO, BRAZIL – “After a sharp downturn in 2020, only a mild, multi-speed recovery is expected in Latin America and the Caribbean in 2021,” the Fund says in its new “World Economic Outlook” (WEO) report, released Tuesday, April 6.
In 2020, the Latin American regional economy plunged 7%, according to the latest calculations of the IMF, which in January had estimated a larger drop of 7.4%.
The International Monetary Fund (IMF) raised Latin America’s economic growth forecast for 2021 to 4.6%, half a point above its January forecast. (Photo internet reproduction)
In their analysis, macroeconomic experts explain that the development expected for this year is largely due to the growth of large exporting countries in the region, such as Argentina, Brazil and Peru, which have been positively impacted by the rebound in global manufacturing in the second half of 2020.
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