More

    ECLAC Calls for Regional Growth of 3.2% in 2012

    Must Read

    David Attenborough: “We are Facing the Real Possibility of a Sixth Mass Extinction: the Terrifying Scenario”

    Noted British naturalist and scientist Sir David Attenborough warned that humanity faces a sixth mass extinction in this century if it does not address climate change and overexploitation of the planet's natural resources

    WhatsApp application does not stop surprising the World

    The use of apps on our mobile devices, has benefitted us in many ways, on the one hand, it favors remote work-, and on the other it can be used for entertainment

    XVI International Tango Festival Arrives to Sagunto

    Sagunto celebrates one more year the International Tango Festival, which reaches its sixteenth edition. Next Saturday, September 12, at 8:00 p.m.
    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    Latin America investment one of the best options, as markets continue to grow

    Latin America News – The regional economy will slow this year greater than expected but recorded an average growth of 3.2%, according to estimates provided the Economic Commission for Latin America and the Caribbean.

    The lower growth than expected by mid-year, 3.7%, is a result of the problems facing European economies, the U.S. and the Chinese slowdown. But also affect the low growth in Brazil and Argentina.

    In 2011 the economy of the region had a 4.3% expansion.

    The outlook for 2013, however, are better and point to an average growth of 4%, primarily due to expected recovery in Brazil and Argentina, which this year will increase in its gross domestic product of 1.6% and 2 %, respectively.

    Caribbean countries also recorded a level of 1.6% also.

    According to ECLAC estimates, Panama will again be the country that maintain the highest level of regional growth to 9.5% for next year and also appear with 7% among the busiest.

    Peru recorded high levels, with 5.9%, Bolivia, Chile, Costa Rica, Nicaragua and Venezuela with a growth of 5%.
    In Paraguay the climatic factors that triggered the crisis of soybeans, its main export, cause that is the only country that has this year a contraction of 2%. Recovery will be strong in 2013 estimated at 5%, according to ECLAC.

    Best even moderate expectations for 2013 which includes the UN economic body based in the capital are based on that from the second half the economies of Brazil and Argentina started to rebound. The South American giant as these estimates will grow by 4% next year, while in the case of Argentina will be more moderate 3.5%.

    The recovery in 2013, said Barcena not have much to do with the European situation but rather with increased activity of domestic markets and what happens in Asia.

    In the case of Mexico, Central America and the Caribbean have benefited from the mild U.S. recovery, but an eventual fiscal adjustment in the United States has a particular impact in the Caribbean and Central American countries.

    Inflation and employment, in contrast to the low growth will experience improvements this year. Average inflation is estimated at 6.5%, a slight drop compared to 6.7% in 2011.

    Inflation in turn had to June 1 12-month variation of 5.5% and maintain this trend, particularly influenced by the decline in food prices.
    The wage increases this year has been highlighted as one of the positive indicators and is particularly relevant in Venezuela, Uruguay, Panama, Brazil, Chile and Costa Rica.

    AP

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    - Advertisement -
    - Advertisement -

    Latest News

    David Attenborough: “We are Facing the Real Possibility of a Sixth Mass Extinction: the Terrifying Scenario”

    Noted British naturalist and scientist Sir David Attenborough warned that humanity faces a sixth mass extinction in this century if it does not address climate change and overexploitation of the planet's natural resources

    WhatsApp application does not stop surprising the World

    The use of apps on our mobile devices, has benefitted us in many ways, on the one hand, it favors remote work-, and on the other it can be used for entertainment

    XVI International Tango Festival Arrives to Sagunto

    Sagunto celebrates one more year the International Tango Festival, which reaches its sixteenth edition. Next Saturday, September 12, at 8:00 p.m.

    Remote Working has been Consolidated During the COVID-19 Crisis and is Here to Stay

    Costa Rica had already been taking steps towards the possibility of people working from home a few days a week, since legislation...

    Intangible Cultural Heritage Award Opens its Registration Period for Applications

    The scope of intangible cultural heritage is vast and varied. From what goes unnoticed on a daily basis, such as the particular...
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »