Latin America and Caribbean will suffer 0.9% contraction this year but growth...

Latin America and Caribbean will suffer 0.9% contraction this year but growth will reach 1.5% in 2017

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Latin America and Caribbean will suffer 0.9% contraction this year but growth will reach 1.5% in 2017

The economies of South America, which specialize in primary goods —particularly oil, minerals and foods— will post average growth of 1.1% in 2017
The Economic Commission for Latin America and the Caribbean (ECLAC) has revised its economic growth projections for the region and now expects a 0.9% average contraction for Latin America and the Caribbean this year. Economic activity is expected to pick up in 2017 with average growth of 1.5%, according to a press release by the United Nations agency.

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