The IMF slightly reduces forecasts of economic growth for Latin America

The International Monetary Fund (IMF) slightly lowered its economic growth forecasts for Latin America in 2018 and 2019, because it revised downwards the forecasts for Brazil this year and those of Argentina for the next and those of Venezuela. ] In updating the central projections of the World Economic Outlook, it forecasts growth for the region of 1.6% in 2018 and 2.6% in 2019, 0.4 percentage points and 0%. , 2 point Percentages lower than what had been estimated in its April report

"While rising commodity prices continue to support exporters in the region, the confusion of prospects for the region's economy is likely to continue. April edition reflects the A scenario for major economies, "said the IMF.

The agency detailed the impact of "the contraction of financial conditions and the necessary adjustment of policies" in Argentina, as well as "persistent". effects of strikes and political uncertainty "in Brazil

Details by country were not available, beyond the projections for Brazil and Mexico.For the economy of the 39; South America giant revised growth to 1.8% in 2018, 0.5 percentage points lower than its estimate of April, and remains stable by 2.5% from 2019.

In addition , on the left stable that of Mexico by 2.3% for this year, but decreased to 2.7% from 3.0% in 2019.

The IMF said that Mexico has taken into account "trade tensions and the long uncertainty surrounding the renegotiation of NAFTA (North American Free Trade Agreement) and the political agenda of the new government. "

Although he gives no figures for Venezuela, he adds that the oil country continues to" collapse activity and a humanitarian crisis "that led to a new revision to the decline in forecasts because, despite the rebound in oil prices, the production of hydrocarbons has fallen sharply.

Regarding the world economy, the IMF warned that this is more and more likely to occur Increasing and sustained trade disputes, which threaten to derail economic recovery and depress growth prospects in the medium term