IMF: growth forecast for Latin America in 2021

The International Monetary Fund (IMF) released, on Tuesday (12), a forecast for economic growth in Latin America and the Caribbean for this year, with a projection of 6.3% for the continent. Brazil, which shares the position of the most expressive countries in the region with Mexico, saw expectations dehydrate: the growth forecast dropped from 5.3% to 5.2% in 2021.

The data comes from the “World Economic Perspective” report. For 2022, the perspective of Brazilian growth is 1.5%. Meanwhile, Mexico tends to register a 6.2% increase in GDP this year and 4% in the following year.

The IMF’s calculations are based on different factors, with emphasis on the pace of vaccination against covid-19, a topic on which the conduct of the Brazilian government has negatively aroused the world’s attention.

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Despite the successful history of the Brazilian State in immunization campaigns, the denial stance of Bolsonaro and allies meant that the application of doses started with a delay in the country.

As a result, Brazil currently has less than half – around 47% – of the population fully immunized and occupies the 62nd position in the global ranking of vaccination, according to data from the panel “Our World in Data”, platform of the University of Oxford, in the United Kingdom United, which monitors the speed of immunization in the world.

The pandemic is also the factor that led the IMF to project still far-reaching risks to the global economy in terms of growth prospects. As a result, the fund changed the index from 6% to 5.9% for 2021 and forecasts 4.9% in 2022.

Edition: Anelize Moreira

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