2014 GDP growth projected to have lost steam.

Position:THE SCENE
 
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The International Monetary Fund's (IMF) World Economic Outlook (WEO) projected that growth for Latin America and the Caribbean would plummet from 2.7 percent in 2013 to 1.3 percent in 2014, the lowest since 2009 (1.2 percent).

Projections reflect factors such as:

* Weak domestic demand in Chile and Peril

* Weak external demand in Mexico

* Weak investment, slow credit growth and moderation in Brazil consumption

* High inflation, negative growth, and a rising differential between the parallel and official exchange rates in Argentina

* Widespread shortages, a collapse in growth, and inflation now 60 percent in Venezuela

* Long-standing competitiveness problems, high public debt, and financial fragilities in the Caribbean

* Bolivia, Colombia, Paraguay and Ecuador are expected to be the countries with the highest growth...

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