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Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

The impact of the gloomier global outlook on Latin America

Posted on 14 February 2012

The IMF has sharply marked down its forecast for world growth and it now expects a mild recession in the euro area. Naturally, weaker world growth will affect economic activity in Latin America and the Caribbean.
Concretely, the Fund expects the world economy to grow by just 3.25 percent in 2012, three-quarter percentage points lower than our September forecasts………………………………………..Full Article: Source


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