Publish in Special Reports - Wednesday, January 15, 2014
Peru will lead the way in Latin American export growth this year. Here Callao port. (Photo: APN)
Big difference between countries, with Venezuela the clear loser.
BY JOACHIM BAMRUD
Latin America’s trade is expected to perform better this year than last, according to estimates by the International Monetary Fund (IMF). Even exports will grow higher this year despite the economic slowdown in China, the top market for several Latin American countries.
Latin American exports of goods and services are expected to grow by 4.9 percent this year, according to the International Monetary Fund. That compares with 2.2 percent growth last year.
“China's demand for Latin American commodities will remain strong and thus, the value of exports should show expansion,” says Mark Ludwig, president of US-based consultancy Variant Advisors.
Nevertheless, as in 2013, external demand for Latin American and Caribbean exports will be impacted as a result of the end of the upward cycle in the prices of commodities, says Isaac Cohen, president of US-based consultancy Inverway and a former Washington director for the United Nations Economic Commission for
“Some Latin American and Caribbean economies will ...
Article Keywords: Argentina, Brazil, Central America, China, Dominican Republic, Mexico, Paraguay, Peru, Venezuela