RCI St. Lucia
posted on January 06, 2015 14:11
Latin America and the Caribbean's economic growth might recover modestly to 2.2 percent in 2015, up from 1.3 percent in 2014, its lowest rate since last decade's global financial crisis. Despite the slowdown, the region has managed to maintain its gains against poverty, said Inter-American Development Bank (IDB) president Luis Alberto Moreno.
In his year-end report to the board of executive directors, which represents the IDB's 48 member countries, Moreno noted that in a scenario marked by sluggish global growth, falling commodity prices and limited fiscal manoeuvring room, Latin American and Caribbean countries must prioritize reforms that will ensure sustained and inclusive growth over the medium and long term.
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