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Latin America Investment News on Viva Tropical

How a Loaf of Bread Is Driving Latin America’s Economy

Article Summary:

Chile, Colombia, Panama, Peru, and Mexico show the highest growth in Latin America, however the majority of the remaining nations are fighting a losing battle against inflation and rising food prices.

Photo Credit: El universal

Original Article Text From Capital Panama via Google Translate :

Latin America is growing but inflation-fighting

Most countries in Latin America (LA) showed higher than expected growth in the second quarter of this year, however in parallel inflation expectations have risen in most countries by the dynamism of economic activity and the increase in food prices, the report of BBVA Research.

The new BBVA Research forecasts indicate that Latin America will grow 3.0% in 2012 and 3.7% in 2013, where Chile, Colombia, Panama, Peru and Mexico showed higher growth than expected thanks to strong domestic demand.

“The rise in food prices, largely related to the severe drought observed in the United States, is a common pressure source in the region especially in countries where the weight in the consumption basket is high. It is certainly one of the factors explaining the deviation of inflation from the targets, “said chief economist for BBVA Research for South America, Juan Ruiz.

Yet Latin America is prepared to deal with a worsening situation global economy, but the recent actions of the U.S. Federal Reserve (Fed) and the European Central Bank (ECB) reduced the risk of that happening.
In that sense, Ruiz added that both consumption and investment remain backed the robustness of the labor and credit markets.

Regarding interest rates, says that will remain stable exchange rates and a slight tendency to resume appreciation.

Link to Original Article:

From Capital Panama

Latin America Investment News on Viva Tropical