Economic Snapshot for Latin America
Recovery accelerates in Q3 Economic growth in Latin America sped up in the third quarter, as the long-awaited recovery takes hold. Preliminary data reveals that regional GDP expanded 1.7% annually in Q3, above Q2’s 1.1% rise and the strongest rate of growth since Q1 2014. Recovering confidence, accommodative financial conditions, rising commodities prices and a healthy global backdrop drove the region’s economic performance in Q3, as the economy puts last year’s recession firmly behind it. Taking a…
Economic Snapshot of Latin America
(This article was written by Focus Economics and was published on December 9, 2014) Economic Snapshot of Latin America More complete data showed that growth in most Latin American economies bottomed out in the second quarter and that it is picking up slowly in the second half of the year. In the third quarter, the regional GDP estimate (excluding Venezuela which hasn’t yet published GDP figures for 2014) showed that the economy grew 0.7% year-on-year, which came in slightly above the 0.6% expansion observed…
