March 8, 2021

Peru, Chile and Colombia will grow above 3% in 2019 and 2020, according to the IMF

The International Monetary Fund (IMF) on Monday highlighted the solid growth of Peru, Chile and Colombia, above 3% annually in 2019 and 2020, despite the context of growing uncertainty over the regional slowdown weighed down by lower prospects in Brazil and Mexico and the US trade war and China

"Economic activity in Latin America and the Caribbean continues to progress slowly. For 2019, real GDP growth of 0.6% is expected – the lowest rate since 2016 – and a rebound to 2.3% by 2020," he said. today Alejandro Werner, IMF director for the Western Hemisphere at a press conference.

Peru will be one of the engines of the region in 2019 and 2020, with an estimated growth of 3.7% this year and 4.1% next, with a slight downward revision with respect to the expected expansion for this year (two tenths less) and a slight increase (one tenth more) in the next year than anticipated in April.

Colombia is also expected to record an expansion of 3.4% this year, one tenth less than expected three months ago; and 3.7% in 2020, one tenth more.

Chile, on the other hand, will grow 3.2% this year and 3.4% next year, two tenth less and two more, respectively, compared to what was calculated in April.

Central America, Panama and the Dominican Republic will also contribute to the economic expansion, whose combined GDP will grow 3.7% this year and 3.9% next year.

The agency today presented its detailed economic report for Latin America and the Caribbean, after significantly reducing regional projections last week.

. (tagsToTranslate) Peru (t) Chile (t) Colombia (t) will grow (t) IMF

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