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Latin America faces slowing growth as commodities fall, IDB says

Posted on 18 March 2013

Latin America and the Caribbean face weaker economic growth over the next five years as commodity prices fall and governments struggle with fiscal deficits, the Inter-American Development Bank said.
Annual growth for Latin America and the Caribbean is forecast to be 3.9 percent through 2017, down from 4.8 percent during the five years before the 2007 global recession, the Washington-based lender said in a report today. Out of 21 major economies in the region that were reviewed for the study, only Colombia, Trinidad & Tobago and Belize were in better fiscal shape than before the financial crisis………………………………………..Full Article: Source


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