Peru seen escaping recession in Latam -W. Bank
MIAMI, March 11 |
MIAMI, March 11 (Reuters) - Peru is the only Latin American country likely to escape slipping into recession this year, a senior World Bank official said on Wednesday.
"I think the one that will escape recession is Peru," said Marcelo Giugale, the World Bank's director for Povery Reduction and Economic Management in Latin America and the Caribbean.
For other countries across the region, including Brazil and Chile, Giugale said growth rates were likely to be "so close to zero that whether it's positive or negative will be touch and go." (Reporting by Tom Brown; Editing by Pascal Fletcher)
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