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%.
Reporting by Rodrigo Campos