ECLAC: Slower Brazil, Mexico to weigh on Latam growth this year

Wednesday, July 24, 2013

Economic growth in Latin America and the Caribbean is seen at 3 percent in 2013, a slower pace than initially forecast, the United Nations economic body for Latin America said today.

Slower growth in regional powerhouses Brazil and Mexico, as well as easing expansions in small-but-robust Chile, Panama and Peru, are seen weighing on growth, Santiago-based ECLAC said.

The region is expected to expand 3.0 percent this year, down from a prior official view in May for 3.5 percent growth and on par with 3.0 percent growth in 2012, the body added.

Source: http://www.buenosairesherald.com/article/136842/eclac-slower-brazil-mexico-to-weigh-on-latam-growth-this-year

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