Argentina’s 7.6% Growth Pushes LatAm Up, Despite Brazil’s 4% Increase

Latinamerica and the Caribbean region economies are forecasted to expand 5% in 2006, up from the original 4.6%, supported on a better than expected performance from Brazil and Mexico.

The United Nations Economic Commission for Latinamerica and the Caribbean, Cepal, said Tuesday in Santiago in an official release that an enhanced performance of the global economy plus abundant liquidity are helping the region.

Last year Latinamerica and Caribbean economies experienced a 4.5% growth, and this year prospects are promising much more.

"Growth in the region is supported by a sustained expansion of the world economy and abundant liquidity in international markets", states the Cepal release.

"Taking into account the improved situation in the region regarding external and fiscal vulnerabilities, abrupt changes regarding current growth development, should not be expected in the near future."

Cepal estimates growth in the region to be in the range of 4.5% in 2007.

Brazil and Mexico’s estimates were risen from 3,5 to 4% for this year. Argentina is forecasted to expand 7.6% (up from 7.5%), but Chile is forecasted to ease from 5.7 to 5.6%, concludes the report.

Mercopress

Tags:

You May Also Like

Bolivian police guards Petrobras installations in Bolivia

Brazil Asks US$ 200 Million But Gets Half from Bolivia’s Oil Privatization

After an acrimonious dispute over the nationalization of two oil refineries in Bolivia owned ...

Presidential Hopeful Marina Vows to Restore Brazil Credibility and Recruit Brightest Minds

Opposition Brazilian presidential candidate Marina Silva said that Brazil’s recession is very worrying and ...

In Brazil, Lula Thinks He’s Leading. He’s Being Led.

Brazilian President Luiz Inácio Lula da Silva claims that his administration governs for all, ...

Presidential candidate Cristovam Buarque

Buarque Joins Presidential Race in Brazil Promising Social Change

The national convention of the Democratic Labor Party (PDT) decided yesterday, June 19, to ...

NGO Urges Brazil to Control Haiti’s Police

Brazil’s Minister of the Special Secretariat for Human Rights, Nilmário Miranda, had a meeting ...

From India, Looking into Drummond and Brazil’s Elusiveness

What are the images that come immediately to mind when you hear the word ...

Acivities in Santos, Brazil and LatAm’s Larges Port, Shrink 16%

World’s slowdown in 2009 had an impact on the activity of the main ports ...

Brazil’s Oficina de Design Wants to Change How Furniture Is Made

The furniture hub of Arapongas, in the north of the Brazilian state of Paraná, ...

Lula Doubtful Brazil Will Reach Millennium Goals by 2015

“This is quite a challenge and it means we have a lot of work ...

Walk-In Motel

"Men still have a need for a parallel life and for expressing their impulses ...