Economic growth predicted at 0.5% in Latin America and Caribbean

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The UN Economic Commission for Latin America and the Caribbean (ECLAC) holds a press conference at its headquarters in Santiago, Chile, to launch the Economic Survey of Latin America and the Caribbean 2015. Photo: ECLAC/Carlos Vera

Economic growth in Latin America and the Caribbean will average out at half a per cent in 2015, according to  the UN Economic Commission for Latin America and the Caribbean (ECLAC).

Growth is expected in Central America and Mexico as well as the Caribbean but economies are expected to contract in South America.

The economic slowdown is due to external and domestic factors; the global economy's slow growth during 2015 and lower investment rates in individual countries.

Eleutério Guevane asked ECLAC's Deputy Executive Secretary, Antonio Prado, for more details about the current trends.

Duration: 2'45"

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