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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…

Middle-class growing strongly in Latin America

Latin America’s Middle-class increased by 56 million since 1999 with a direct consequence on consumption patterns and demand for government policies, according to a report in the latest edition of the United Nations Economic Commission for Latin American and the Caribbean, ECLAC Review. “This represents a formidable increase of the consumers’ market”, according to the ECLAC newsletter featuring expert analysis on issues such as changes observed in the middle classes in recent years, and the “China…
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