test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Economy | Time: Dec 24 2019 3:32PM
Economists forecast LatAm to see slow growth in 2020
 
Text size
MEXICO CITY, Dec. 19 (Xinhua) -- The Latin American economy will accelerate slowly in 2020 due to decreased concerns over global political and commercial risks, according to experts.

After showing almost zero growth in 2019, the region's economy could grow between 1.0 percent and 1.3 percent next year, said Alfredo Coutino, director of Latin America Economic Research at Moody's Analytics.

"The big risks that could change regional prospects are external, like the intensification of the tariff war," Coutino said, pointing to U.S. President Donald Trump's tweets earlier this month saying that the United States would "restore" the tariffs on steel and aluminum imports from Brazil and Argentina.

Internally, Coutino said, interest rates, investment, and consumption could be affected by continuing social unrest in several Latin American countries.

Rafael Amiel, director of Latin American and Caribbean Economics at global information provider IHS Markit, said there will be a lack of global growth engines in 2020, especially in trade and private investment.

"We're not being pessimistic about the possibility of falling into a recession, with the exception of Argentina, but there will be a change, with governments spending more on social projects" in response to regional unrest, Amiel said.

The Inter-American Development Bank indicated this week in a report that regional goods exports fell 2.4 percent in 2019, after growing 8.7 percent in 2018 and 12.2 percent in 2017.

"The political signals about the trade conflicts between the United States and its main partners point to a distension phase, though a high level of uncertainty persists, which must dissipate for the sustained reactivation of investments and world trade," the report said.
Related Articles
China to ensure economic growth within reasonable range Premier Li
China to further slash taxes, fees for manufacturing sector
European stocks seen higher as global markets rally on easing
Foreign firms to gain broader market access
China's Dec CPI up 4.5%, PPI down 0.5%
Minister lays out 2020 growth priorities
Revised law to deepen capital market reform
China to adjust tariffs on some imported goods
Tariffs cut on some imports, including pork
Industrial output growth pegged at 5.6%
 
Research
2020 MEG market outlook and trading risk management
2019 polyester market operation & 2020 forecast
Review and brief outlook on acrylic market
2019 state cotton reserves sales structure analysis
China PET bottle chip supply demand change and future trend
Operation and development of virgin PSF and recycled PSF
 
 

浙公网安备33010902000742号