UN warns about looming recession in Venezuela

Except for Argentina and Venezuela, inflation in the region will remain stable (El Universal)

Except for Argentina and Venezuela, inflation in the region will remain stable (El Universal)

UN warns about looming recession in Venezuela

EL UNIVERSAL
Wednesday May 21, 2014  02:05 PM
In a report assessing Latin America’s economic outlook, the United Nations Department of Economic and Social Affairs (UN/DESA) outlines that Venezuela is likely to fall into recession.Inflation in the region could probably remain stable except in Argentina and Venezuela, the experts claimed in the report.

Furthermore, gross domestic product in Latin America and the Caribbean could increase by 2.6% in 2014, one point lower than forecast earlier this year. The downward revision comes in response to economic slowdown in Brazil, Argentina, and Venezuela.

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