Open

Coming up

Don't miss

Replay


LATEST SHOWS

ENCORE!

Haute Couture: the hand-stitched clothing made in Paris that sells for the price of small yachts

Read more

IN THE PAPERS

'Caution, another Cast Lead lies ahead'

Read more

BUSINESS DAILY

Rising into the ranks of Haute Couture

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive (part 2)

Read more

MEDIAWATCH

A thin line between fact-checking and propaganda in Gaza social media coverage

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FOCUS

Ireland's missing babies cast light on dark history

Read more

WEB NEWS

World Cup 2014: Germany-Brazil inspires the Web

Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Are French high school students getting smarter?

    Read more

  • Disgraced Suarez leaves Liverpool for Barcelona

    Read more

  • Kurdish forces take over two oilfields in northern Iraq

    Read more

  • In Pictures: Petrol station hit by Hamas rockets

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • Video: Living in Tel Aviv, under threat of rocket attack

    Read more

  • Video: Palestinians fear full Israeli military offensive in Gaza

    Read more

  • US prepared to negotiate Gaza ceasefire, Obama says

    Read more

  • French companies will have to accept anonymous CVs

    Read more

  • Ukrainian forces close in on Donetsk

    Read more

  • Germany asks US intelligence station chief to leave country

    Read more

  • Video: Muslims in China confront obstacles to Ramadan fasting

    Read more

  • Tour de France passes WWI Chemin des Dames battlefield

    Read more

  • Senegalese man awarded French visa in gay marriage debate

    Read more

Americas

Latin America will enter recession in 2009, predicts IMF

©

Latest update : 2009-03-26

The International Monetary Fund's director for the Western Hemisphere, Nicolas Eyzaguirre, predicted that average economic growth in Latin America will be in slightly negative territory in 2009, dampening earlier forecasts.

AFP - Latin America's economy will suffer negative growth this year as the region is buffeted by the global economic downturn, a top International Monetary Fund official said Wednesday.
   
The IMF's director for the Western Hemisphere Nicolas Eyzaguirre said he expects the average country in Latin America to be "in negative territory" in 2009, "but not that much."
   
In January the IMF projected that the region's economies would expand 1.1 percent this year, followed by three percent growth in 2010.
   
Eyzaguirre said today's more negative outlook would still pale compared to losses projected in the big three economic regions: the United States, Europe and Japan.
   
The IMF has predicted that the global economy will slow this year, having projected a 0.5 percent rise in global gross domestic product, the lowest level since World War II.
   
Eyzaguirre warned Latin American financial institutions could suffer continued capital losses, describing the situation as "delicate."
 

Date created : 2009-03-26

Comments

COMMENT(S)