UN cuts growth forecast for Latin America to 0.5 pct in 2015

miércoles 29 de julio de 2015 10:14 GYT

SANTIAGO, July 29 (Reuters) - The United Nations' Latin American arm cut its growth projection for the region in 2015 to 0.5 percent from its prior estimate of 1.0 percent, citing the effect of a deceleration in China as well as falling investment in the region.

The economy of regional powerhouse Brazil will contract 1.5 percent, while Mexico will grow 2.4 percent, the Santiago-based Economic Commission for Latin America and the Caribbean (ECLAC) said.

(Reporting by Felipe Iturrieta and Gram Slattery)