The worst recessions in the world this year will take place in Latin America, with little room for policymakers to try and avoid them as global commodity prices flounder, a Reuters poll showed on Thursday.
Economists slashed growth forecasts for most of the region in a survey conducted Jan. 8-13 compared with an October poll. They also forecast more interest rate hikes in what is set to be another volatile year for markets from Sao Paulo to Mexico City.
Venezuela, with an expected catastrophic economic contraction of 4.8 percent in 2016, and Brazil, set to shrink 2.8 . . .
