FP News Top Story

The Canadian Press - ONLINE EDITION

OECD report predicts Latin America's economic growth to slow for first time in a decade

By: The Associated Press

Posted: 11/16/2012 3:45 AM | Comments: 0 | Last Modified: 11/16/2012 7:10 AM

Jose Angel Gurria, Secretary General of the Organization for Economic Co-operation and Development OECD, holds the economics perspectives for Latin America report as he speaks next to Spanish Foreign Minister Jose Manuel Garcia-Margallo, right, at the 22nd Iberoamerican summit in the southern Spanish city of Cadiz, Friday, Nov. 16, 2012. Cadiz host a two-day summit that brings Latin American leaders together with those of Spain and Portugal, two countries badly hit by the economic crisis. A report by two international organizations says economic growth in Latin America will ease from 4.4 percent in 2011 to 3.2 percent in 2012, the first slowdown in nearly a decade. (AP Photo/Miguel Gomez)

CADIZ, Spain - A report by two international organizations says economic growth in Latin America will ease from 4.4 per cent in 2011 to 3.2 per cent in 2012, the first slowdown in nearly a decade.

But the Organization for Economic Cooperation and Development and the Economic Commission for Latin America and the Caribbean said the region's economy would accelerate again by 4 per cent in 2013.

The organizations said Latin America's outlook remains relatively positive, but is exposed to uncertainty in the global economy. They urged governments to strengthen growth and counter risks.

The report was released Friday in this southern Spanish city on the first day of the Iberoamerican summit that brings Latin American leaders together with those of Spain and Portugal, two countries badly hit by the economic crisis.

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More FP News Top Story

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.