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GDP Growth in LatAm: Argentina 7.3%, Venezuela 6%, Brazil 3.5%

Latin America will continue on its growth track and the regional economy should expand 4.3% in 2006 according to the International Monetary Fund (IMF) Economic Outlook released Wednesday, April 19.

The growth projection for the region’s real GDP was half a point higher than the IMF initial forecast mainly because of improved performances in Argentina and Venezuela.

"Many countries benefited from the strong global demand for commodities – in particular, fuels and metals (Chile and the Andean region) and agriculture (Argentina and Uruguay)," according to the IMF.

"A major achievement in the region has been the decline in public debt on account of impressive fiscal discipline and the recent strong growth performance," adds the World Economic Outlook, which forecasts the region will continue to grow in inflation adjusted terms.

The IMF is also forecasting regional real GDP growth of 3.6% in 2007, slightly up from the previous September estimate.

Top performers in the region this year are expected to be Argentina, with real GDP growth of 7.3%, and Venezuela’s 6%. However, the IMF expects growth in both countries to slow in 2007, with Argentina’s GDP expanding 4% and Venezuela’s 3%.

Brazil is expected to post real GDP growth of 3.5% both this year and in 2007, while Mexico’s economy is projected to expand 3.5% in 2006 and 3.1% next year.

IMF forecasts Chile’s economy will expand 5.5% in 2006, down from the original 5.8% estimate, and in 2007, 5.2%. In 2004 Chile’s growth was 6.1% and in 2005, 6.3%.

The report states that in spite of a slowing down in the third quarter of 2005 the Chilean economy is expected to show a sustained advance during 2006.

However efforts to improve productivity will be vital "to reduce the Chilean economy dependency on international copper prices" and the IMF proposes a greater flexibility in the labor market and more investment in research and development to sustain manufacturing at competitive levels.

Overall the IMF warns that "an important challenge for the region will be to achieve an appropriately balanced response to the likelihood of further upward pressures on exchange rates if the global environment remains supportive of continued strong external performance by Latin America."

Mercopress – www.mercopress.com

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  • Mau

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  • victor

    argentina
    argentina is not little…

  • Guest

    The IMF is also forecasting regional real GDP growth of 3.6% in 2007, slightly up from the previous September estimate.

    Top performers in the region this year are expected to be Argentina, with real GDP growth of 7.3%, and Venezuela’s 6%. However, the IMF expects growth in both countries to slow in 2007, with Argentina’s GDP expanding 4% and Venezuela’s 3%.

    Brazil is expected to post real GDP growth of 3.5% both this year and in 2007, while Mexico’s economy is projected to expand 3.5% in 2006 and 3.1% next year.

    IMF forecasts Chile’s economy will expand 5.5% in 2006, down from the original 5.8% estimate, and in 2007, 5.2%. In 2004 Chile’s growth was 6.1% and in 2005, 6.3%.

    Little ole Chile and Argentina!!! Kicking brazils “big bad” latin american ass!

  • Guest

    IMF forecasts Brazil’s expansion in 2006 and 2007 to be in the range of 3.5%, but corrected downwards growth estimate for 2005 from last September’s 3.3% to 2.3%.

    In Brazil, says the report, activity slowed sharply last year. Domestic demand remained subdued due primarily to inventory adjustments and some softening in investment following the earlier tightening of monetary policy, although private consumption has remained robust, underpinned by rising employment and real incomes.

    2.3% growth last year….impressive!

  • Guest

    MR. IDIOT
    to my favorite MR. IDIOT (PINOCCHIO)
    HERE WAS MY RESPONSE TO YOU BULL SHIT COMMENTS BACK A FEW WEEKS AGO…AND FOR THE RECORD I’M POSTING IT AGAIN!
    ——————————————————————————–
    Let’s go directly to your lesson of the day IDIOT!!
    Lie # or lesson 1:
    Your IDIOT if the brazilian currency was allowed to depreciate agaist the dollar than “by definition” It’s GPD would had increased due to more exports…so your bull shit it’s just that “bull shit”.
    Lie #2:
    “It remains that Brazil had the lowest 2005 growth of ALL latin and carabean countries, after Haiti.” THAT IS WHAT YOU SAID!!! RIGHT???
    REAL GDP GROWTH FOR 2005:
    BRAZIL——–5.2%
    PERU———-4.5%
    BOLIVIA——-3.7%
    COLOMBIA—-3.6%
    BELIZE——–3.5%
    PARAGUAY—2.8%
    JAMAICA——1.9%
    DOMINICAN REP.-1.7%
    JAMAICA—— 1.9%
    GUYANA——- 1.9%
    CAYMAN ISLAND-1.7%

    MR IDIOT——100% IGNORANT HIGH SCHOOL DROP OUT, RACIST AND INCOMPETENT IDIOT.

    Lie #3:
    “of around 185 millions has a total GDP less than half of the GDP of the UK despite UK is not even a third of Brazil population” THAT IS WHAT YOU SAID!!! RIGHT???
    2005 GDP FOR:
    UK GDP———1.78
    BRAZIL GDP— 1.492
    MR. IDIOT, I know you are not good in math either…but that puts UK GDP at about 16% higher than Brazil’s GDP and furthermore, your reference to population of both countries makes no sence since you were talking about gross GDP and not per capita…YOUR IDIOT!!!

    Lie#4:
    “Embraer had a total 2005 revenues of around $ 4 billion, quite small for the aerospace industrie” THAT IS WHAT YOU SAID !!! RIGHT???
    WITHOUT COUNTING WITH THE RECORD SALES OF THE RESEARCH DEVELOPMENTS OF THE NEW SUPER LIGHT METAL VL AND SVL PLANES FOR THE COMING YEAR, EBRAER SURPASSED THE CANADIAN BOMBARDIER IN ALL SALES AND BOEING IN THE 170 PASSANGERS CLASS, TOGETHER!!!

    LIE or Lesson #5:
    The ethanol program has been around in Brazil for along time MR. IDIOT… The USA has just decided to learn the technology that Brazil have for quite few years now…

    Lie or Lesson #6:
    There are 3 Silicone valley areas in Brazil MR.IDIOT, one in Minas Gerais, one in Pernambuco and one in Sao Paulo… why don’t you do some reading about that first so you can talk to me on another time…do me a favor IDIOT…slow down your reading so you understand what is going on… You got one thing correct in all this bull shit of your…YES I’M SMART MUCH MUCH SMARTER THAN YOU WILL EVER BE!!! BUT HEY….EVERYTHING IS RELATIVE AND YOU MAKE IT SOOOO EASY!!!! KISSES…
    YOUR MR. SMART

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  • Guest

    It remains that….
    Brazil economic growth rate was and is at The Queue Of The Queue of its peers.
    in 2005 Brazil grew only sligtly better than……..HaÀ¯ti !

    Is this not great ?
    But listening to Lula, yes, he did almost a perfect job. Nothing could have been better.

    Well, that is only his opinion, not those reflected in the real statistics and rankings !

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