LatAm Growth Driven by Domestic Consumption

LatAm Growth Driven by Domestic Consumption

Economy & Policy

LatAm GDP is expected to grow by 4.4% this year, largely driven by domestic consumption, according to a report by JPMorgan. This compares to 6.1% in 2010 and the expected EM growth average of 6.1% for 2011. Argentina, Chile and Peru will grow 6%-8%, says JPMorgan. Net exports are a drag on growth but retail sales are growing strongly in Brazil, Chile and Peru, with Colombia and Mexico catching up. While inflation is expected to rise, the bank expects this to be tackled with monetary policy, as f

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial