Economy

ECLAC: Latin America and the Caribbean Should Grow 2.2% in 2018

The economies of Latin America and the Caribbean should experience a moderate recovery in 2018, expanding 2.2% next year after recording an average 1.3% growth this year
ECLAC: Latin America and the Caribbean Should Grow 2.2% in 2018

The economies of Latin America and the Caribbean should experience a moderate recovery in 2018, expanding 2.2% next year after recording an average 1.3% growth this year, said the Economic Commission for Latin America and the Caribbean (ECLAC) in its preliminary report on 2017.

Next year, the global economy should expand at rates close to those of 2017, around 3%, and that there should be greater relative dynamism of emerging economies compared to developed ones. Broad liquidity and low international interest rates should remain unchanged.

ECLAC expects South-American economies to grow 2% in 2018, from 0.8% in 2017. Central America, on the other hand, may expand 3.6%, up from 3.3% in 2017.

The activity in Brazil should improve further, with the country growing 2% in 2018, from 0.9% in 2017. Also, several nations that were growing at moderate rates may see a higher expansion rate – Chile, from 1.5% in 2017 to 2.8% Colombia, from 1.8% to 2.6%

In Latin America, Panama is expected to be the economy that should record the highest growth rate next year (+5.5%), followed by the Dominican Republic (+5.1%), and Nicaragua (+5.0%). Cuba, Ecuador, and Venezuela should show figures of 1%, 1.3% and -5.5%, respectively, while the rest of the economies of Latin America will grow between 2% and 4%.

Source/Business Insider

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

More in Economy

Venezuela’s Cryptocurrency Set to Avoid Financial Attacks

December 29, 2017

China Offers Tax Break to Keep Investors after US Overhaul

December 29, 2017

Barbados Private Sector Chalks Up 2017 as a Year of Govt Failure

December 29, 2017

U.S. Is Becoming the World’s New Tax Haven

December 29, 2017

Help Pours In For Dominica

December 29, 2017

Argentine State Workers Announce Nationwide Strike

December 28, 2017

Puerto Rico Treated as a Foreign Country in GOP Tax Bill

December 28, 2017

Cuban Ambassador at UN Notes World Support for End to U.S. Blockade

December 28, 2017

Bitcoin Introduces to the World a ‘Technology as Revolutionary as the Internet’

December 28, 2017
You Can Advertise Here
"The other side of the news!"
Copyright © 2015 Carib Flame. Follow us on Twitter @caribflame