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LatinNews Daily - 22 April 2010
Region
Region: In its latest World Economic Outlook the IMF projects a robust
recovery of 4% real annual GDP growth in Latin America & The Caribbean in 2010 and 2011. It projects the best results
for those commodity-exporting, financially integrated economies which account
for about two-thirds of the LAC region's GDP. In Brazil, growth is expected to
rebound to 5.5% this year, led by strong private consumption and investment.
Despite the recent earthquake, Chile's GDP is projected at 4.75% in 2010 and 6%
in 2011, supported by highly accommodative policies, a recovery in commodity
prices, and reconstruction efforts. In Mexico, the Fund expects a rebound of
4.25% in 2010, helped in part by the US recovery. In Peru, the top regional performer, GDP is projected to expand 6.25% in 2010, thanks to
favourable internal dynamics and high commodity prices. Growth prospects are set
fair elsewhere, and the Fund notes that the regional recovery is well balanced
between domestic and external demand. Notably, it only expects one
economy - Venezuela - to contract in 2010 (-2.7%).
