The document projects real GDP growth percentages for various countries in the Western Hemisphere in 2016. Canada, the USA, and Mexico are expected to see growth around 1-2%, while Central American countries like Honduras, Costa Rica, and Nicaragua are projected to have growth of 3-5%. South American countries will experience a range of outcomes, with Brazil, Venezuela, Ecuador, and Argentina projected to see contractions while others like Peru, Bolivia, and Paraguay may see growth of 3-4%.

1. WESTERN HEMISPHEREREAL GDP GROWTH PROJECTION 2016
COUNTRY REAL GDP
GROWTH
(%)
CANADA 1.2
USA 1.6
DOMINICAN REPUBLIC 5.9
MEXICO 2.1
HONDURAS 3.6
COSTA RICA 4.2
GUATAMALA 3.5
NICARAGUA 4.5
PANAMA 5.2
PUERTO RICO -1.8
JAMAICA 1.5
HAITI 1.5

2. COUNTRY REAL GDP
GROWTH
(%)
TRINIDAD & TOBAGO -2.7
VENEZUELA BR -10.0
SURINAME -7.0
GUYANA 4.0
BRAZIL -3.3
COLOMBIA 2.2
PERU 3.7
ECUADOR -2.3
BOLIVIA 3.7
PARAGUAY 3.5
URUGUAY 0.1
CHILE 1.7
ARGENTINA -1.8
Source:IMF, local central banks