Only three of the eight economies in Latin America and the Caribbean that experienced recession last year will stay contracted in 2017 and that will allow the region to grow 1.2% this year and 1.9% next year, the International Monetary Fund.
Panama will be the country with the highest growth in the continent with 5.3%, followed by the Dominican Republic (4.8%) and Bolivia (4.2%).
The expansion of the Latin American economy (which contracted 0.9% in 2016) will, however, be below the forecast of 3.6% in 2017 for the global economy the multilateral entity issued Tuesday. It will be the biggest growth of the global economy since 2011.
Among the five economies in the continent that will emerge from the recession, Brazil stands out, which this year will grow by 0.7% after having contracted itself in an accumulated 7.4% in 2015 and 2016.