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