LatinNews Daily - 03 August 2017

* The World Bank’s Chief Economist for Latin America and the Caribbean, Carlos Végh, has said he believes Brazil’s economy will grow this year, despite the country’s political crisis. The comments were made at a symposium on the macroeconomic challenges facing the region, held on the same day that Brazil’s federal chamber of deputies began voting on whether President Michel Temer should face trial over corruption charges. Végh went on to say that he believed that Temer would complete his term in office and that Brazil’s economy would grow, if only a little, as it is emerging from a deep recession after posting negative GDP growth of 3.8% and 3.6% in 2015 and 2016 respectively.

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