Charles W. Thurston, Latin America Correspondent06.04.18
Growth prospects in Latin America have improved over the past year, adding another percentage point in gross domestic product expansion to the current rate of close to two percent, with much hotter five percent-plus growth eruptions in several isolated countries.
According to an April report by the World Bank, Latin America grew by 1.1 percent in 2017 and is expected to grow by 1.8 percent in 2018 and 2.3 percent in 2019. The bank noted that if statistics for free-falling Venezuela are excluded, the estimates for regional growth projection is for 2.6 percent this year and could be 2.8 percent in 2019. Within this regional performance, the Caribbean is expected to lead sub-regional growth, with an expansion of 3.5 percent this year and 3.4 percent projected for 2019.
Another April report, from the United Nation’s Economic Commission for Latin America and the Caribbean (ECLAC) also released an upbeat assessment of the potential growth in the region. “During 2018, greater dynamism in external demand is seen helping stimulate the economic activity of Latin America and the Caribbean. Likewise, domestic demand will play an important role in t
According to an April report by the World Bank, Latin America grew by 1.1 percent in 2017 and is expected to grow by 1.8 percent in 2018 and 2.3 percent in 2019. The bank noted that if statistics for free-falling Venezuela are excluded, the estimates for regional growth projection is for 2.6 percent this year and could be 2.8 percent in 2019. Within this regional performance, the Caribbean is expected to lead sub-regional growth, with an expansion of 3.5 percent this year and 3.4 percent projected for 2019.
Another April report, from the United Nation’s Economic Commission for Latin America and the Caribbean (ECLAC) also released an upbeat assessment of the potential growth in the region. “During 2018, greater dynamism in external demand is seen helping stimulate the economic activity of Latin America and the Caribbean. Likewise, domestic demand will play an important role in t
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