Charles W. Thurston, Latin America Correspondent06.08.16
The regional demand for paint and coatings in Latin America (including Mexico) is likely to exceed gross domestic product growth (GDP) in the region, forecast at only 0.2 percent this year. In the recent past, paint and coatings growth has moved one to two percent faster than the GDP, but it seems far less likely that this year will follow suit on a regional basis.
2015 was a tough year from which to recover, and the process is not over. “The Latin American and Caribbean region’s GDP contracted by 0.4 percent in 2015, which translated into a 1.5 percent downturn in per capita GDP, the poorest performance since 2009,” opined Daniel Titelman, chief of the economic development division of Economic Development Division of the Economic Commission for Latin America and the Caribbean (Eclac), in Santiago.
More optimistically, “We believe that we will see growth this year at moderate levels in Latin America varying by country, (although) economic indicators predict further contraction. Even though the economic conditions in Brazil remain challenging, PPG has seen growth within portions of our portfolio due, for example, to some of o
2015 was a tough year from which to recover, and the process is not over. “The Latin American and Caribbean region’s GDP contracted by 0.4 percent in 2015, which translated into a 1.5 percent downturn in per capita GDP, the poorest performance since 2009,” opined Daniel Titelman, chief of the economic development division of Economic Development Division of the Economic Commission for Latin America and the Caribbean (Eclac), in Santiago.
More optimistically, “We believe that we will see growth this year at moderate levels in Latin America varying by country, (although) economic indicators predict further contraction. Even though the economic conditions in Brazil remain challenging, PPG has seen growth within portions of our portfolio due, for example, to some of o
Continue reading this story and get 24/7 access to Coatings World for FREE
FREE SUBSCRIPTION
