Iran Press/ America: "Elevated inequality with greater food insecurity with high energy and food prices create a potential for social unrest," IMF Western Hemisphere Department Acting Director Nigel Chalk said on Wednesday.
The region is going to face additional challenges in 2023 as economic growth is projected to slow and the situation is expected to be worse than it currently is amid runaway inflation, Chalk told reporters.
Earlier on Wednesday, the IMF said in its regional economic outlook that Latin America will face high inflation, which will reach 7.8% by the end of this year and 4.9% by the end of 2023.
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