Tuesday, April 14, 2015

Latin America is projected to grow only 1% in 2015

Latin American GDP growth in 2015 has been revised down to 1% by ECLAC in its 7 April 2015 report. This is the lowest growth in the last six years. It is a marginal deterioration from the 2014 growth of 1.1%

South America is expected to show zero growth while Central America is likely to get 3%

Brazil's GDP will face a contraction of 0.9% and Venezuela will suffer a 3.5% negative growth

Mexico's GDP growth projected at 3%, Argentina zero percent, colombia-3.6%, Peru-4.2% and Chile-3%.

Panama will have the highest growth of 6% followed by Bolivia with 5%.

Central America and Mexico benefit from the recovery of US which is their main export market while South America faces less demand from China and lower prices for its export commodities.

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