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Costa Rica and Panama Tops Among Fastest Growing Economies in Latin America

Article Summary:

The Economic Commission for Latin America and the Caribbean projects that the fastest growing economies in 2012 compared to 2011 will be Panama (8.0%) and Haiti (6.0%), followed by Peru (5.7%), Bolivia (5.2%), and Costa Rica (5.0%).

Original Article Text From Nacion via Google Translate :

Country will be Among the Fastest Growing in Latin America

Costa Rica will be located this year among the fastest growing countries in the region, according to the macroeconomic report of Latin America and the Caribbean , June 2012, ECLAC published yesterday.

The Economic Commission for Latin America and the Caribbean projects that the fastest growing economies in 2012 compared to 2011 will be Panama (8.0%) and Haiti (6.0%), followed by Peru (5.7%), Bolivia (5.2%) and Costa Rica (5.0%).

Venezuela will grow 5.0%, while Chile 4.9%, Mexico 4.0%, Argentina 3.5% and Brazil 2.7%, the statement said.

For the region the agency estimates a production increase of 3.7%, after reaching a rate of 4.3% in 2011.

According to the document, in the first quarter of 2012 over the same period last year, Costa Rica was the second largest economy with growth between 11 nations, after Panama, with 8%.

One factor that benefits Costa Rica is that their exports have been affected by the decline in raw material prices, as happens to other nations.

Link to Original Article:

From Nacion

Latin America Investment News on Viva Tropical