(MENAFN) The International Monetary Fund (IMF) expected a 2.2 percent growth in Latin America for 2019, regulating down the organization's May 2018 prediction of 2.8 percent growth.
According to the IMF, "the moderating recovery is underpinned by divergent growth outcomes across the region." In the particular case of Venezuela, the IMF expectations indicate important development and positive turnaround in the country's economy for 2019.
According to Torino Capital - a New York-based investment bank - Venezuela's economy is prepared to grow 2.1 percent in 2019, nearly mirroring the overall 2.2 percent local growth mark.
The retrieval is based on planned growth of 10.6 percent in the fourth quarter of 2018.
MENAFN2010201800450000ID1097594416
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.