SOUTH AMERICA’S GROWTH IS SLOWING As the global recovery continues to struggle to gain its footing, growth in Latin America and the Caribbean has been marked down further and is likely to contract for the second consecutive year in 2016, the IMF said. The IMF’s latest Regional Economic Outlook for the Western Hemisphere, released on April 27 in Mexico City, projects that the region is set to contract by 0.5 percent in 2016— marking two consecutive years of negative growth for the first time since…