The current panorama of Latin America today is a bit contrary to the forecast of many and the wishes of others, however the security industry has been having a behavior that can be considered as stable and that makes companies in the sector have a good taste in their mouths.
According to the 'Preliminary Assessment of the Economies of Latin America and the Caribbean', presented a few weeks ago by the Economic Commission for Latin America and the Caribbean (ECLAC), growth in the region will be lower than expected.
The forecasts for 2015, previously estimated at 2.2%, will go according to the agency to a growth of the region close to 1% this year.
Such a revision is based on the appreciation of a global environment, characterized by weaker dynamics in the global context, with the exception of the United States. This phenomenon drags down the neighboring economies of the United States, such as Mexico and Central America, which should exceed 3% compared to a rather anemic growth rate for South America.
Topping the list of regional expansion 2015, Panama with 6%, Bolivia, Nicaragua and the Dominican Republic with 5%.
The Colombian economy remains one of the most dynamic in the region, particularly among the largest. That is already an achievement. While for Mexico growth of 3% is expected and for Chile 2.7%, the GDP of Brazil and Argentina will contract 1% and 0.3%, respectively.
Ecuador's external shock is hitting it very hard and its growth will fall to 1.9% this year. Venezuela continues to show the worst performance with an estimated drop of 7%, according to the IMF. Some analysts, however, predict a worse scenario that may lead to a contraction of Venezuelan GDP of more than 10%.
The current moment, in short, is crucial, and makes us demand the most of all the actors in the industry in order to restructure efforts with a view to exceeding forecasts and delivering positive figures at the end of the year.
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