Latam and Caribbean forecasted to expand 2.7% on average this year

Wednesday, April 30th 2014 - 09:14 UTC

Full article 5 comments

Latin American and Caribbean countries are estimated to grow an average 2.7% in 2014 as the region's main economies have limited dynamism according to ECLAC's Updated Economic Review of Latam and the Caribbean 2013, released on Tuesday. Read full article

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ChrisR
I want to be the flight controller for the squadron of pigs that will soon be airborne to shit on ECLAC's guesses!

You couldn't make this shit up: The Dark Country to expand 1%. INDEC has just dismissed that as “defeatist” the official figure for the year is already been recorded: 15%

Ha, ha, ha.
Apr 30th, 2014 - 11:58 am - Link - Report abuse 0
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CabezaDura2
1

CEPAL already uses INDEC numbers. CEPAL is full of Camporistas anyway. Argentina by all means will enter resession this year. 1% growth is far too optimistic.
Apr 30th, 2014 - 12:27 pm - Link - Report abuse 0
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ChrisR
@ 2 CabezaDura2

So what do you think is more likely, I will be amazed if after taking inflation into account the contraction is less than 5%?
Apr 30th, 2014 - 10:03 pm - Link - Report abuse 0
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El Diego
Now is the time to be investing into the Argentine oil and gas industry - business is booming - new rigs coming in, international companies investing and we are all making money - those who live in the past tend to stay in the past
May 01st, 2014 - 12:04 am - Link - Report abuse 0
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CabezaDura2
3

I sense that Argentina has been in clear stagflation since 2012. I think its going to contract less than 5% this year in real terms but whenever they decide to come clear about the true GDP you will have a serious contraction.
What they are doing now is trying to lie less and seem more professional to get themselves (somehow) back into the credit markets.

Of course they fall short of telling the truth and even if they did nowbody is going to trust them with a cent.

However they dont want to pay the political costs of telling the limited truth as it already is. The new level of poverty that INDEC refused to publish was using the new increases in inflation that they recognized. So they simply did not publish it.
May 01st, 2014 - 01:42 am - Link - Report abuse 0
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