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ECLAC predicts 2.2% growth for Latin America, Caribbean


SANTIAGO, Chile (CMC) — The Economic Commission for Latin America and the Caribbean (ECLAC) is predicting that economic growth in Latin America and the Caribbean will reach an average 2.2 per cent in 2015.

ECLAC said, “This moderate rise will take place in the context of the global economy’s slow and heterogeneous recovery, with downward pressure on commodity prices and little dynamism in the region’s external demand, as well as an increase in financial uncertainty.”

It said the evolution of the global economy will have different impacts among countries and sub-regions in 2015, as it did throughout 2014, and that Central America as well as Haiti and the Spanish-speaking Caribbean are expected to grow at a rate of 4.1 per cent, South America at 1.8 per cent, and the English-speaking Caribbean at 2.2 per cent.

Published in the Jamaica Observer
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