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Latin America will grow by 2.3% this year and 2.8% next year; this, to the exclusion of Venezuela, as predicted by the International Monetary Fund which updated its economic forecasts for the region on Monday.
The IMF considers catastrophic the Venezuelan economy for which it predicts a record hyperinflation of one million percent by the end of 2018.
In a conversation with NTN24, the director of the US Department of IMF Western Hemisphere, Alejandro Werner, said that "the Venezuelan economy will by the end of 2018 probably be half of what it was four or five years ago". This is the reason why "today Venezuela is going through a crisis of security, public health and there are levels of emigration that have not been observed in Latin America for a long time and that really reflect a humanitarian crisis in this country. "
Similarly, given the presumed concern over the election of Andrés Manuel López Obrador to the presidency of Mexico, Werner added that knowledge of more details of his program, particularly in the macroeconomic part, has generated this feeling of greater confidence. "
Regarding the economic growth of Colombia, Werner added that in this country he must" continue with the agenda the infrastructure is very important, push regional development in the framework of peace agreements, continue to improve education and follow the consolidation process of fiscal rule and public accounts to maintain access so favorable to the country today. Finally, Werner added that "like the rest of the international community, we are attentive and we hope that these conflicts will be resolved as soon as possible so that Nicaragua can generate an inclusive growth process that will lead to an increase in the standard of living. in the countryside. "
NTN24 Writing
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