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Weekly Chart: The IMF's Revised Growth Projections for Latin America

May 08, 2015

On April 29, the International Monetary Fund issued revised growth projections for the Western Hemisphere that see the region's growth rate falling to 0.9 percent in 2015, down from 1.3 in 2014. (The report was subtitled "Northern Spring, Southern Chills.") The figure was a significant downward revision of 1.4 percentage points from the bank's October 2014 outlook and was attributed to contracting South American economies. Meanwhile, expectations for Central America and the Caribbean have improved slightly. On a positive note, the multilateral organization expects growth to trend upward again in 2016 and hit 2 percent.

Below, we take a look at each country's change from 2014 to 2015, the trend in that change, and the five-year pattern of growth by subregion.