IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation

IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation


The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the macroeconomic conditions, rising inflation, and increasing social tensions amidst energy and food insecurity.

IMF Predicts Latam Will Keep Growing

The International Monetary Fund has issued a series of predictions on the growth and the possible difficulties that Latam will be facing in the second half of 2022. After examining all of the variables, the institution predicts that the region will grow by 3% in 2022, fueled by the economic recovery

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