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15 Apr 2019, Radoslav Yordanov, EMIS Editor

ECLAC lowers 2019 growth forecasts for Brazil and Mexico

The United Nation’s Economic Commission for Latin America and the Caribbean (ECLAC) lowered its 2019 growth forecast for Brazil by 0.3% to 1.8%, CEEMarketWatch reported. The downward revision is mainly explained by lower global growth and restriction in global trade, the commission said.

The ECLAC also cut its 2019 projection for Mexico’s GDP by 0.4% to 1.7%. This estimate is in line with the move made by all experts, which expect global and internal demand to lose a moment in next months. CEEMarketWatch added that government-driven uncertainty is also likely to have a negative impact on investment in the country.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: CEEMarketWatch