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Latin America Expected to Grow Less in 2015

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The latest report from the United Nation agency ECLAC (Economic Commission for Latin America and the Caribbean) shows a downward revision of its economic growth projection for the regional Gross Domestic Product (GDP), to only a 1.0 percent increase in 2015. The latest forecast is significantly lower than the estimate released by the agency in December, which stood at 2.2 percent GDP growth in the region.

“With the exception of the United States, industrialized countries have revised their growth estimates downward, and emerging economies continue to decelerate. The . . .

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