Latin America
Article Abstract:
Real growth of Latin American gross domestic products has increased and inflation has fallen. There are dangers from import growth, the high cost of debt servicing and possible changes in investor sentiment. Argentina is showing strong economic growth but could be hit by US interest rate rises or Brazil's economic problems. Brazil has seen its trade deficit widen, and interest rates are likely to be raised. Peru is seeing growth in exports and investment, but is affected by tight monetary and fiscal policies. Venezuela and Colombia are both affected by currency concerns, and Mexico is seeing a drop in inflation and sronger growth.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1997
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Latin America
Article Abstract:
Latin American economic growth is recovering while inflation is dropping. Foreign investment and low interest rates should help Latin American economies but they still suffer from the high cost of paying for their debts. Argentina is benefiting from strengthening domestic demand in addition to increases in exports but could be hit by higher US interest rates. Brazil is hampered by its current account deficit and fiscal deficit. Mexico has seen a drop in unemployment and a rise in investment, but the Mexican economy could be hit by political uncertainty and rises in US interest rates.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Latin America
Article Abstract:
The Latin American economy looks set to enjoy lower inflation and strong economic growth over the medium term, though this depends on prudent exchange rate, monetary and fiscal policies. There is concern about the Brazilian current account and trade deficits which have increased in 1997. Colombia faces guerilla violence, Peru could be hit by the El Nino current, and Mexico faces political uncertainty, all of which could affect the performance of these economies.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1997
User Contributions:
Comment about this article or add new information about this topic: