Latin America’s economy is forecasted to grow between 3.5% and 4% this year, which is less than previous estimates before the current global financial crisis, said World Bank representative for the region, Pamela Cox. Read full article
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!
It is totally unclear what calculatory mechanism the World Bank is adopting.Oct 27th, 2011 - 01:14 pm - Link - Report abuse 0
If it simply adds together the individual % growths (+ & -) of each country and divided by the number of countries it could end up with a Growth figure.
But what validity would it have?
A few tiny countries with tiny economies growing from a depressed base could totally swamp a LATAM overall %, even though their total flows of trade might be miniscule compared to that of the more steadily-growing giant, Brasil.