Argentina’s 7.6% Growth Pushes LatAm Up, Despite Brazil’s 4% Increase

    Latinamerica and the Caribbean region economies are forecasted to expand 5% in 2006, up from the original 4.6%, supported on a better than expected performance from Brazil and Mexico.

    The United Nations Economic Commission for Latinamerica and the Caribbean, Cepal, said Tuesday in Santiago in an official release that an enhanced performance of the global economy plus abundant liquidity are helping the region.

    Last year Latinamerica and Caribbean economies experienced a 4.5% growth, and this year prospects are promising much more.

    "Growth in the region is supported by a sustained expansion of the world economy and abundant liquidity in international markets", states the Cepal release.

    "Taking into account the improved situation in the region regarding external and fiscal vulnerabilities, abrupt changes regarding current growth development, should not be expected in the near future."

    Cepal estimates growth in the region to be in the range of 4.5% in 2007.

    Brazil and Mexico’s estimates were risen from 3,5 to 4% for this year. Argentina is forecasted to expand 7.6% (up from 7.5%), but Chile is forecasted to ease from 5.7 to 5.6%, concludes the report.

    Mercopress

    Tags:

    • Show Comments (1)

    • ch.c

      At the queue…..once more !
      At the queue of economic growth in 2005, at the queue in 2006 as per the estimates !

      And Lula, when you listen to him is doing great things when in reality HE failed, in whatever time frame you look at, since he has been elected !

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Delegation discuss final Rio +20 document

    Stripped of Controversy to Appease US and EU Rio +20 Final Text Is Rich in Generalities

    The preliminary draft of the final document of the Rio+20 United Nations Sustainable Development ...

    Pepsi commercial in the desert

    Pepsi Takes a Brazilian Team to the Sahara for Its Latest Commercial

    A thirsty nomad wanders through the Sahara Desert when he sees a Pepsi vending ...

    Brazilian Industrialists Show Very Cautious Optimism

    After expressing uncertainty over the directions of the Brazilian economy in July, Brazil’s industrialists ...

    Brazilian ambassador Roberto Azevedo

    For Brazil, Doha’s Failed WTO Talks Are Still Very Much Alive

    Brazilian ambassador Roberto Carvalho de Azevedo, the leading negotiator for Brazil in Geneva, stated ...

    Where Did All the Blacks Go?

    When I asked in Bahia a group of Brazilian school kids what race they ...

    Biodiesel from Brazil

    While Others Might Struggle Brazil Is Ready to Thrive in a Greener Planet

    The world leaders have confirmed the prisoner’s dilemma; unfortunately the entire world will face ...

    Factory in Brazil

    Government Gives Brazilian Companies a Break and Cuts Interest Rates

    Measures announced June 29 by the government of Brazil to stimulate the economy will ...

    Postgraduates in Brazil Are 122,295 with 9% Yearly Growth

    In the past eight years the number of master’s and doctoral programs in Brazil ...

    Lula meets Obama in Washington

    Despite Iran and Moves by China, Brazil and the US Remain Best Friends Forever

    According to Brazilian daily newspaper O Estado de S. Paulo, the Chinese state-run oil ...

    28 Castrated Boys Will Receive US$ 219 a Month from Brazilian Government

    The families of boys castrated in Maranhão, in northeastern Brazil, will each receive a ...