On January 25th
, the International Monetary Fund made public its latest forecast for Latin American and the Caribbean
. The new year comes with a positive outlook for the region, with recessions coming to an end in Brazil, Argentina, and Ecuador, and overall growth of 2.5% (excluding Venezuela). Venezuela – as usual – is expected to lose 15% of GDP in 2018, a cumulative GDP loss of 50% since 2013. Inflation is expected to reach 13,000%.