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IMF increases growth forecast for Latin America to 3.5% in 2022

The International Monetary Fund (IMF) on Tuesday (11) slightly improved its growth forecasts for Latin America and the Caribbean for this year to 3.5% but lowered the forecast for 2023, to 1.7%, in the context of high inflation and war in Ukraine.

The World Economic Outlook (WEO) report exudes concern and warns that the risks remain "large."

The IMF's antidote is to "stay the course" of monetary policy to restore price stability.

What worries the economic body most is the persistent inflation, both in developed and emerging economies.

The average rate will reach 6.6% globally by . . .

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