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Apr 25, 2025

Apr 22, 2025

IMF cuts Latam, Caribbean 2025 GDP growth estimates

IMF cuts Latam, Caribbean 2025 GDP growth estimate | Reuters
A view of the skyline during a sunset along Reforma Avenue in Mexico City

Trade worries, tariffs lead the International Monetary Fund to forecast 2025 LatAm & Caribbean GDP growth to slow to 2.0%, down from January's estimate of 2.5%, vs. 2024's 2.4%.

Mexico's expected contraction in 2025 accounts for most of the IMF's estimate for a slowdown.

Mexico's economy, strongly intertwined with the US, is forecast to contract 0.3% this year, vs. a previous 1.4% expansion, as U.S. tariffs bite into exports.

Brazil, region's largest economy, seen slowing to 2.0% from January's forecast of 2.2%.

Argentina's growth continues at 5.5%, an uptick from the 5% expansion seen in January. 

Colombia, Chile and Peru seen growing 2.4%, 2.0% and 2.8%, respectively.

Central America: 3.8% GDP growth this year, slightly slower than the 3.9% rate in 2024, while the Caribbean is seen decelerating to 4.2% in 2025 from last year's 12.1%.

The IMF cut its view of global economic growth in 2025 to 2.8% from 3.3% in January as the U.S. lifted tariffs to the highest in a century. The fund cut its growth view on most single countries.

Reporting by 

See the whole story here: https://www.reuters.com/world/americas/imf-cuts-latam-caribbean-2025-gdp-growth-estimate-2025-04-22/

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Apr 15, 2025

$GS highest quarterly revenue haul on record in Q1 2025

$GS Goldman Sachs Group Inc.’s Equity-trading revenue rose 27% YOY to $4.19 billion in Q1 2025— its highest quarterly revenue haul on record, following $JPM JPMorgan Chase & Co. and $MS Morgan Stanley who also notched record stock-trading hauls for the period. This after a record 2024 for Goldman when it lifted equity trading revenue by ~50%.


The banks are riding a wave of volatility that’s roiled financial markets triggered by a potential global trade war emerging.


See all US Bank Earnings:

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