World Bank forecast: Latin America grows 3,6% in 2012, 4,2% in 2013

 January 2012
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of all Latin America  

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               Regional Economics Perspectives
  
  
Dear   ,
 

Latin America and the Caribbean (LAC), in particular, are expected to grow 3.6 percent in 2012, and 4.2 in 2013. Weaker global growth, uncertainty arising from the Euro Area debt crisis, slower growth in China, and a policy-induced deceleration in domestic demand are weighing on growth prospects. Brazil’s economic growth came to a halt in the third quarter and growth is forecast to be 3.4 percent in 2012, up slightly from 2011 but well below the 2010 growth of 7.5 percent.

  

Global exports of goods and services expanded an estimated 6.6 percent in 2011 and are projected to rise by only 4.7 percent in 2012. Meanwhile, global prices of energy, metals and minerals, and agricultural products are down 10, 25 and 19 percent respectively since recent peaks in 2011.

Between 2003 and 2010, 73 million people escaped poverty in Latin America and the Caribbean as a result of economic growth and social policies.

According to Augusto de la Torre, World Bank Chief Economist for Latin America and the Caribbean, it is still unclear how much the current Euro-zone debt crisis will impact the region.

While prospects in most low-and middle-income countries remain favorable, the ripple effects of the crisis in high-income countries are being felt worldwide. Already, developing country sovereign spreads have increased 45 basis points on average and gross capital flows to developing countries plunged to $170 billion in the second half of 2011, compared with $309 billion received during the same period in 2010.
 
Kindest Regards,
 

 
Juan Isaac Rodriguez Gutierrez 
Marketing Manager  
  
"Your Business success, Our Greatest satisfaction".
 
 
 
 
 
 
 
 
*Sources:
 
World Bank