Venezuela- fall of its economy 10%

 After experiencing a decline of 6.2% in its GDP , Venezuela , immersed in a serious economic and political crisis, will close 2016 with a fall of its economy 10%, inflation of almost 500% and unemployment close to 20%, predicts the International Monetary Fund (IMF). The institution pointed out in the report "Global Economic Prospects" that the economic contraction expected for Latin America in 2016 was extended by two tenths to 0.6%. The IMF expects Brazil to close the year with a drop in GDP of 3.3%, the same percentage advance in July, but lowers the expected growth of other economies of the subcontinent, including Mexico. Mexico, the second Latin American economy, reduce slightly its growth at the end of this year, with an increase of 2.1% of gross domestic product (GDP), down from 2.5% in 2015. Most Latin American economies that base their activity on the export of raw materials suffer in their balance sheets by low prices of natural resources, resulting in slowdown. The IMF expects Colombia to grow 2.2% this year, down from 3.1% in 2015, while Chile will create wealth at a rate of 1.7%, down from 2.3% last time. Falling commodity prices also plunged into negative data to Argentina and Ecuador, while in Venezuela the deep economic crisis will worsen. Only Peru (where mining has increased) and Paraguay get an economic improvement in 2016 over the previous year, closing the year with an expansion in the vicinity of 3.5%. Argentina is another of the economies recede, with a contraction of 1.8% at the end of the year, compared to growth of 2.5% last year, despite which a rise of 2.7% growth is expected in 2017. The Central American economies, low - income, will grow 3.9% in 2016, slightly below the 2015 data, while keeping in 2017 the height of 4% growth with contained inflation and improvements in the deficit. Source: EFE

Leer más en #ACN: http://acn.com.ve/fmi-economia-venezuela-cerrara-2016-una-caida-10/ #Noticias #Venezuela