World Bank forecasts Latam growth of 3.5% to 4% this year and 4% in 2012

Thursday, October 27th 2011 - 05:58 UTC

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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

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GeoffWard2
It is totally unclear what calculatory mechanism the World Bank is adopting.

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.
Oct 27th, 2011 - 01:14 pm - Link - Report abuse 0
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