July 27, 2006
ECLAC, the UN's Economic Commission for Latin America, has raised its growt
ECLAC, the UN's Economic Commission for Latin America, has raised its growth forecasts for Latin America and the Caribbean region this year from 4.6% to 5%, in large part due to the economic performances of Brazil and Mexico. Sustained global growth and continuing liquidity underpinned the region's growth of 4.5% last year and economic expansion this year. Growth forecasts for Brazil and Mexico were both raised half a percentage point, from 3.5% to 4%.