SANTIAGO, Chile (AP) — The economy of Latin America and the Caribbean is expected to grow by 3.5 percent this year, less than previously forecast, because of uncertainty about the future of the world economy and slower growth in developed nations, the United Nations said on Tuesday.

The region’s growth estimate was also lowered from an earlier 3.8 percent view because of “a recovery that has been less dynamic than expected” in Argentina and Brazil, said the UN’s Economic Commission for Latin America and the Caribbean.