|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
16th of July 2011
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

ECLAC: Latin America and Caribbean growth to surge

Bookmark and Share

by Kay Mitchell
”ECLAC:

The Economic Commission for Latin America and the Caribbean (ECLAC), which is the UN’s regional economic body, is forecasting strong growth this year for the region, boosted by strong domestic demand.

Growth overall for the region is expected to be 4.7% for 2011, while the fastest growing economy is expected to be Panama, at 8.5%.

Argentina is on track for 8.3% growth, while Peru is forecast to grow by 7.1%.

Uruguay is expected to see growth of 6.8%, Ecuador (6.4%), Chile (6.3%) and Paraguay (5.7%). The Bolivarian Republic of Venezuela (4.5%), while Colombia is forecast to grow by 5.3%.

The two largest economies, Brazil and Mexico, will grow by 4% - a recent report suggested Brazil would become the world’s fifth largest economy by 2016, due to its high level of job creation.

However, ECLAC warns that the region is faced with higher inflation, as are many economies throughout the world, due to rising food and energy prices.

Discuss this in the Finance Markets forums

Story link: ECLAC: Latin America and Caribbean growth to surge



News posted: July 14, 2011

Financial Services:





Related financial stories to: ECLAC: Latin America and Caribbean growth to surge:
Previous: «
Next: »

Visited 301 times, 12 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: Caribbean, domestic demand, ECLAC, Economic Commission for Latin America and the Caribbean, , , inflation risks, Latin America

 

Economy News feed Economy News

All Financial News feed All Financial News