Latin America will face a generalized recession: Oxford Economics – Sectors – Economy
Latin America will face a widespread recession this year as consumption slows and central banks keep interest rates high, according to the latest projection from Oxford Economics.(You can also read: The formula so that the country's economy does not slow down so strongly) It is expected that Argentina, Chile and Colombia face contractions throughout the yearsince consumption in the region began to decline at the end of last year.High borrowing costs in Brazil and Mexico, plus a slowdown in the United States, will continue to weigh on growth, Marcos Casarin, chief Latin America economist at Oxford, and colleagues wrote in…
