UN estimates Latin America economy will expand 2.2 %

The United Nations’ Economic Commission for Latin America and the Caribbean estimates that the region’s economy will expand 2.2% this year, a sharp reduction from a previous forecast of 2.7%. The projection is based on weaker external demand, less dynamic domestic demand, lagging investments, and limited room for putting in place policies to boost growth, according to the U.N. agency, known as Eclac. Growth has trended lower in the region over the past few years, with an expansion of 2.5% last year, 2.9% in 2012 and 4.3% in 2011, it said… Read Article