
The IMF has sharply marked down its forecast for world growth and now expects a mild recession in the euro area. Naturally, weaker world growth will affect economic activity in Latin America and the Caribbean, says Nicolás Eyzaguirre, Director of the IMF’s Western Hemisphere Department in a recent blog. The Fund expects the world economy to grow by just 3¼ percent in 2012, ¾ percentage points lower than its September forecasts. In contrast, the forecast for the U.S. economy for 2012 is unchanged, as incoming data signal a stronger—but...









