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Haiti and Paraguay to enter economic recession

An uncertain international scenario with a combination of factors including economic slowdown, inflation, financial volatility, and lower capital inflows has slowed growth in Latin America and the Caribbean in 2022 and will further deepen that downward trend in 2023, said the Economic Commission for Latin America and the Caribbean.

The body says the region will grow by just 1.3% next year.

"It is an extraordinary moment that requires extraordinary decisions" for countries to come out of the "numbness" of growth, said José Manuel Salazar-Xirinachs, ECLAC's executive secretary.

ECLAC's estimates are similar to those of the IMF . . .

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