International Monetary Fund
July 27
Latin America and the Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions tighten and commodity prices reverse their upward trend, while inflationary pressures persist.
On the back of a solid first half of 2022, and despite an expected slowdown in the second half, the IMF forecasts the region to grow by 3.0% this year.
However, the region faces greater challenges ahead, including tightening global financial conditions, lower global growth, persistent inflation, and increasing social tensions amid growing food and energy insecurity. These factors contribute to the downgrade in growth to 2.0% in 2023.
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Times are hard right now, and things are going to get a lot harder according to the IMF.
I sent the World Bank every idea that I could think of to help our world economy. That is all that I can do.
Meanwhile, I am grateful to have food and shelter, and I need to use this opportunity to try to get my movie made or sold, and my book published, and I want to work for free acting in student films in order to see if I can make some money acting, I can make student films and then put my films on You Tube and maybe the right person will see my work and help me.
So far as helping the homeless and the poor, which there will be more of as the economy gets worse, I support Habitat For Humanity, and we need to all get out and work for free to build housing for the homeless people. And if I am going to work hard for free, then I want for my hard work to go towards building nice housing, like in Greece. I do not want to build ghetto housing, I would want to build nice housing if I volunteered.
So we have the issues of food security, and housing security, and health care, which every human being should have globally.
Every area should have Wellness Centers, and Mental Health Associations to help people.
And the people on Social Security need a raise.
Right now all of my family members are signing up for help with food, my Mother is old and retired and on a fixed income and she cannot make it through the month, she had to apply for help with food. So, we have problems with food security right now here in the USA.
Salute,
Tony V.