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July 20, 2016 by

IMF Predicts Economic Decline For Caribbean In Wake Of Brexit

WASHINGTON July BERNAMA-NNN-CMC -- The International Monetary Fund IMF has cut its forecasts for economic growth in Latin America and the Caribbean over the next two years as the unexpected United Kingdom vote to leave the European Union creates a wave of uncertainty amid already-fragile business and consumer confidence The Brexit vote implies a substantial increase in economic political and institutional uncertainty which is projected to have negative macroeconomic consequences especially in advanced European economies according to the IMF's World Economic Outlook Update Brexit has thrown a spanner in the works said Maurice Obstfeld IMF chief economist and economic counsellor..


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