Latin American Economic Performance
February 6th, 2012
February 6th, 2012
Courtesy of Emerging Markets Insight, an updated look at Latin American economic performance:
Latin America continues to look strong as 2012 gets rolling. Brazil’s growth remains subdued, but stimulus efforts are beginning to have an effect, and Mexico continuing to spend heavily in the run-up to the July presidential elections. Meanwhile Peru and Colombia continue to perform well despite a volatile international environment.
- Argentina: Risks to multinationals are growing as Argentina doubles down on trade restrictions in response to deteriorating economic fundamentals
- Brazil: Stimulus efforts are beginning to take effect, but Brazil is not out of the woods yet as industrial output continues to stall
- Chile: Chile is poised to weather global economic volatility with strong macroeconomic fundamentals and a sovereign wealth fund
- Colombia: Retailers and manufacturers remain confident as the economy continues to grow, buoyed by strong investment and stable commodity prices
- Costa Rica: Fragile public finances and a weakening economy have led the government to raise taxes, imperiling future foreign direct investment
- Dominican Republic: Economic decline in Europe and new immigration laws will have adverse effects on the tourism, agriculture, and mining industries
- Ecuador: Government spending and stable commodity prices will support growth in 2012, but overexposure to oil continues to present risks
- Mexico: Better-than-expected US growth has not stopped government authorities from pursuing stimulative policies to boost consumer spending
- Panama: An increasingly unpopular Martinelli administration will face a cooling but still high-performing economy in 2012
- Paraguay: Paraguay is developing a two-track economy with consumption thriving as exports falter
- Peru: President Humala is doubling down on his centrist, pro-business policies by pushing out leftists from key government posts
- Uruguay: Uruguay is at the mercy of economic developments in Argentina and Brazil, with current trends pointing to a slowdown in 2012
- Venezuela: Chávez’s erratic decision-making indicates an increasingly toxic business environment for MNCs
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