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IMF Predicts Region Will Grow 5.8% in 2021

LATIN AMERICA
  • Earlier, the IMF boosted its forecast for GDP in Latin America and the Caribbean, fuelled by stronger outlooks for its two largest economies.
    • The IMF expects the region will grow 5.8% this year, up 1.2 percentage points from a forecast released in April.
    • "The forecast upgrade ... results mostly from upward revisions in Brazil and Mexico, reflecting better-than-expected Q1 outturns, favourable spillovers to Mexico from the improved outlook for the United States, and booming terms of trade in Brazil," the IMF wrote in its report. (NP)

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