Brazil, Latin America's top economy, will likely grow 0.8% this year, the commission said, while No. 2 economy Mexico is seen expanding 1.5%. Gross domestic product is seen slipping in Chile and Argentina by 0.3% and 2%, respectively. (Reporting by Fabian Andres Cambero; Editing by Chizu Nomiyama)
SANTIAGO, April 20 (Reuters) - Economies in Latin
America and the Caribbean are expected to post a combined growth
of 1.2% in 2023, the United Nations economic commission for the
region (ECLAC) said on Thursday, slightly reducing its previous
forecast of 1.3%.
The region's economies, ECLAC said in a statement, face a
complex external scenario this year, marked by weak growth in
economic activity and global trade, while interest rates should
remain at high levels despite slowing inflation.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.