Latin America will grow 2.6% in 2015: BM – The Economist

Latin America will grow 2.6% in 2015: BM – The Economist

Caribbean is expected to lead to a growth rate of 4.1%; Central America, march at a rate of 3.7% and South America with 2.2 percent.

WASHINGTON LAC recovering demand-driven developed economies and grow 2.6% in 2015, despite lower growth than expected in China and falling commodity prices,

He said the World Bank in a report released Tuesday. After poor growth of 0.8% in 2014, the slowest of the past 13 years, except the 2009-, “best exports driven by the continuing recovery of high-income countries and strong equity flows should raise regional GDP growth at close to 2.6% average “in 2015, according to a news agency.

The region achieved climb the hill” in spite of (…) the slowdown in China and a weak prices in commodities, “the Bank

said in its biannual World Economic Outlook. It is expected that the Caribbean lead the growth rate of 4.1%, partly by tourism, while Central America, benefited from the rebound in US economy, will march at a rate of 3.7%. South America follows with 2.2 percent.

The pace of the region is however below the 4.8% estimated by the World Bank (WB) for developing economies in 2015, and the global average of 3 percent.

Latin America and the Caribbean will also benefit from a gradual increase in investment, despite the expected reduction of monetary stimulus from the Federal Reserve, and the removal of some barriers to growth in major economies.

In Brazil, the coming to exchequer of orthodox economist Joaquim Levy, nicknamed “Scissorhands” announces “strengthening policies for growth,” said the agency.

Even in Venezuela and Argentina, with negative forecasts, are expected to control government spending and reduce inflation.

But “because of the systemic nature of these economies in the region, lower growth expected in one or more (of them) could have a spillover effect in the region, “said the bank.

A break in the preferential supply of oil from Venezuela through the Petrocaribe initiative, could He hit some Caribbean and South America, said the agency as an example.

Also an even greater fall in prices of raw materials or an increase in crime on the continent, one of the most violent world can break the economic estimates.

The council president, Jim Yong Kim called a general caution, warning that a global “uncertain economic environment” countries should use their resources efficiently and undertake reforms structural.

“It is also essential that countries withdraw unnecessary to private sector investment barriers,” he added.

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