Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

UN Agency: Economy Still Sliding in Latin America, Caribbean

The recession cuts deep in Venezuela, where the economy contracts 8 percent

People wait in line to buy food outside a supermarket in Caracas, Venezuela, photo: AP/Ariana Cubillos
1 year ago

SANTIAGO, Chile — The U.N.’s Economic Commission for Latin America and the Caribbean is projecting a 0.8 percent slide in the region’s economy this year. That’s a bit worse than last year’s 0.5 percent dip.

The worst performers are expected to include Venezuela, with an 8 percent contraction, and Brazil, down 3.5 percent.

The report released Tuesday says South American economies overall will likely shrink by 2.1 percent due to eroding terms of trade and reduced internal and global demand.

Central America is expected to see 3.8 percent growth, partly due to growing internal demand and increased remittances from abroad. The Caribbean is projected to see a 0.3 percent slip.

Top performers are expected to be the Dominican Republic with 6 percent growth and Panama, rising by 5.9 percent.

Comments Whatsapp Twitter Facebook Share
More From The News
Business

Daily Exchange: Dollar Closes at 18.10 P ...

33 mins ago
Mexico

Theft and Looting Reported During Mexico ...

1 hour ago
Mexico

Messages of Solidarity Found in Donation ...

2 hours ago
Mexico

Cyclists Provide Aid to Mexico City Quak ...

2 hours ago
Most Popular

Mexico Shocked By News: Girl Trapped in ...

By The Associated Press
Mexico

Earthquake Death Toll Rises to 273

By Notimex
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Celebs Donate to Quake Relief, Politicia ...

By Federico Rojas Frias
Mexico

Search for Mexico Quake Survivors Enters ...

By The Associated Press
Mexico