DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6r5nkq/global_economic) has announced the addition of the "Global Economic Outlook 2015: Emerging Latin America" report to their offering.
Latin American growth faltered significantly in 2014; however, a gradual recovery is expected in 2015. The recovery in growth is expected to come from an increase in government spending on structural reforms. Domestic demand and investor confidence in the region are expected to remain subdued throughout 2015. Slow growth in export demand for mining products and weak commodity prices are expected to act as impediments to the region's speedy recovery in 2015. A rebound in the United States is likely to boost Mexican exports; regional trade, however, is likely to remain restrained in 2015.
- Subdued growth estimates can mainly be attributed to weakening of commodity prices, which lowered private investment in the region.
- Domestic policy uncertainties, as well as weak investor sentiments toward Latin American economies mainly Brazil, Peru, Argentina, Venezuela, and Chile are likely to impede a healthy growth rebound in 2015.
- A gradual rebound in economic activities in the US economy is likely to boost exports of Latin American countries. However, low domestic demand is likely to dampen regional trade growth in 2015.
- Public investment by domestic governments in the region is likely to increase in 2015. This may help address infrastructural barriers, boost domestic sentiments, as well as attract foreign investment in the region.
- Chile- Chile is the largest producer of copper in the world; the fall in global copper demand and the resulting surplus in the sector is expected to adversely affect the revenue of the Chilean economy in 2015.
- Colombia- Continued domestic demand and steady investment are forecast to generate healthy growth in Colombian GDP in 2015. Recent fall in oil prices is likely to downtrend growth marginally in 2015.
- Mexico- Mexico appears to be a bright spot in the Latin American region. A gradual pick up in the US economy is expected to boost Mexican export demand as well as foreign investment inflows in 2015. Reformed laws to encourage private participation in the energy sector are likely to gradually attract steady investment into the sector.
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