Latin America’s GDP is forecast to increase by 2% in 2022, according to the 12 January report of ECLAC ( UN Commission for Latin America and Caribbean). The region had grown by 6.25 in 2021 after the disastrous GDP contraction of 6.8% in 2020 and zero growth in 2019.
In 2022, Brazil is predicted to grow by 0.5%, Mexico by 2.9%, Argentina by 2.2%, Colombia by 3.7%, Peru by 3%, Chile by 1.9% and Central America by 4.5%.
The most pleasant surprise is Venezuela which is projected to grow by 3%. The country’s GDP had contracted successively since 2014.
Another welcome news..Venezuela’s inflation had come down 1946% in 2021 from 130060% in 2018.
Argentina’s inflation had gone up to 51% in 2021 from 34.1% in 2020 but down from the 52.9 % in 2019. Brazil’s inflation was 10.2% in 2021.
The region’s exports had increased to 1.212 trillion dollars in 2021 from 958 billion in 2020. Imports had also gone up to 1.145 trillion from 885 bn in 2020.
More info in ECLAC report https://repositorio.cepal.org/bitstream/handle/11362/47670/3/S2100697_en.pdf
In 2022, Brazil is predicted to grow by 0.5%, Mexico by 2.9%, Argentina by 2.2%, Colombia by 3.7%, Peru by 3%, Chile by 1.9% and Central America by 4.5%.
The most pleasant surprise is Venezuela which is projected to grow by 3%. The country’s GDP had contracted successively since 2014.
Another welcome news..Venezuela’s inflation had come down 1946% in 2021 from 130060% in 2018.
Argentina’s inflation had gone up to 51% in 2021 from 34.1% in 2020 but down from the 52.9 % in 2019. Brazil’s inflation was 10.2% in 2021.
The region’s exports had increased to 1.212 trillion dollars in 2021 from 958 billion in 2020. Imports had also gone up to 1.145 trillion from 885 bn in 2020.
More info in ECLAC report https://repositorio.cepal.org/bitstream/handle/11362/47670/3/S2100697_en.pdf
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