Thursday, October 6, 2016 World Bank: 2016 recession to hit 1.5%Protestors block traffic at the Corrientes and Callao intersection in downtown Buenos Aires to organize one of many impromptu soup kitchens across the country demanding measures against poverty and joblessness. During a presentation of the World Bank’s report on the regional economic perspective for Latin America, the Bank’s Augusto de La Torre forecast three percent growth in 2017, as investment will rise by 1.8 percent. He was speaking during a conference in Washington DC where the IMF and the World Bank hold their yearly assembly. The World Bank also worsened its forecast for Argentina, although by a lesser margin. Questions over the health of Germany’s largest lender loomed large over the start of the IMF and World Bank annual meetings in Washington, dominating a news conference on risks to global financial stability.

Source: Bueno Aires Herald October 06, 2016 03:15 UTC