Mumbai, April 28 -- Rodrigo Valdes, Director of Western Hemisphere Department, International Monetary Fund (IMF) noted in his briefing on Latin America and the Caribbean that the fund expects average growth in the region to moderate. For Latin America and the Caribbean, on average, IMF expects growth to slow down from 2.4 percent last year to 2 percent this year, 2025 -- against 2.5 that it were expecting six months ago. After that, growth will edge back to 2.4 percent.
Activity has remained largely driven by consumption in the region amid resilient labor markets. However, slower global growth, elevated uncertainty, the impact of tariffs and tighter domestic policies in some countries will weight on growth. Behind this average, there is si...