Latin American economies to contract by 0.3% in 2015
Latin America economY
Santiago - Arab Today
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Latin America's economies will contract by 0.3 percent this year, a UN panel forecast Monday, revising down an earlier projection of 0.5-percent growth as emerging markets continue to struggle. "Among the main factors behind the growth drop are weak internal demand; a global environment marked by low growth of the developed world; an important deceleration in emerging economies, especially China; the strengthening of the dollar and a growing volatility in financial markets; and an important fall in primary goods prices," said the Economic Commission on Latin America and the Caribbean. |
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