# IMF Lowers Latin America Growth, Raises South Korea

> IMF cuts Latin America growth forecast to 2.3% while boosting South Korea to 3.3% on AI exports.
- Title: IMF Lowers Latin America Growth, Raises South Korea | Shortify
- Summary: IMF cuts Latin America growth forecast to 2.3% while boosting South Korea to 3.3% on AI exports. IMF lowered Latin America's growth forecast to 2.3% this…
- Keywords: imf, latin america, south korea, growth forecast, semiconductors, artificial intelligence, brent crude, inflation, finance, markets, Lowers, Latin
- Source: BigGo Finance — https://finance.biggo.com/news/4d42a987-2052-4527-a219-6631c05178ad
- Author: BigGo Finance
- Published: 2026-10-13T02:35:54+00:00
- Read time: 1 min
- Topics: imf, latin america, south korea, growth forecast, semiconductors, artificial intelligence, brent crude, inflation, finance, markets
## IMF lowers Latin America growth forecast
The IMF reduced Latin America and the Caribbean's growth forecast to 2.3% for this year and 2.5% for next year in its October World Economic Outlook.
## Latin America struggles with energy shocks
The region faces persistent energy shocks from the Middle East war while barely benefiting from the artificial intelligence boom.
## Argentina gets steepest downgrade
Argentina's growth forecast dropped from 4.5% to 2.1% this year, with next year's outlook cut from 4.0% to 3.5%.
## Brazil's growth forecast trimmed
Brazil's growth forecast for this year was lowered from 2.4% to 2.2%, with next year's outlook reduced from 2.2% to 1.9%.
## Mexico sees modest upgrade
Mexico's growth forecast increased from 1.2% to 1.5% this year due to ai supply chain exports and investment.
## Chile's growth plummets
Chile's growth is projected to fall from 2.5% last year to 0.6% this year, with bolivia expected to contract 3.0%.
## South Korea's growth jumps
South Korea's growth forecast rose to 3.3% this year, the highest among major economies, driven by semiconductor exports.
## Global growth forecast raised
The IMF raised global growth to 3.1% this year, with south korea's upgrade being the largest among major economies.
## Key takeaway

IMF lowered Latin America's growth forecast to 2.3% this year and raised South Korea's to 3.3% due to semiconductor exports.