Latin America Economy to Grow 3.5 Percent in 2013
Latin America and the Caribbean will grow at a rate of 3.5 percent in 2013, the U.N. Economic Commission for Latin America said here Tuesday, revising downward its earlier forecast of 3.8 percent growth this year.
In an updated economic assessment, ECLAC predicted that the economies of the region will get a push this year after their growth rates slowed in 2012.
The forecasts are based on better economic performance by Brazil and Argentina, countries that in 2012 grew 0.9 percent and 1.9 percent, respectively.
ECLAC estimates that the Brazilian economy will grow 3 percent this year and the Argentine economy 3.5 percent.
On the regional level, the expansion will be supported by a continuation of the boom in consumption, a consequence of good labor indicators and the increase in bank lending to households.
The more conservative forecast for growth this year is due mainly to the persistence of uncertainty in the international economy and the lack of economic dynamism in the developed countries, the Santiago-based U.N. commission said.
Paraguay will lead the expansion in 2013 with expected growth of 10 percent, followed by Panama with 8 percent and by Peru and Haiti, both of which are expected to grow by 6 percent.
Published in Latino Daily News
2013-04-24 07:15:07
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).