Latin America on track to post slowest rate of growth since 2009

wsj.com reported Latin America is on track this year to post its slowest rate of annual growth since 2009, when the global financial crisis began to be felt in the region, the World Bank said Tuesday.

The bank cut its growth forecast for the region by nearly half to 1.2%, following expansions of 2.4% and 3% in the previous two years. In its semiannual report on Latin America and the Caribbean, the World Bank said the region could grow 2.2% next year, but cautioned that it was still unclear whether the current downward cycle has bottomed out. Read Article