Why Latin America’s economies are stagnating
Exporting more is the way to buck the trend
FORECASTERS SLASHING their predictions for economic growth in Latin America has become a depressing annual ritual. This year is no different. The IMF at first expected growth of 2%. By April that had become 1.4%. Even this may be too rosy. In the first three months of the year the three biggest economies—Brazil, Mexico and Argentina—all seem to have contracted and others performed weakly. Since the world economy has expanded relatively strongly in recent years, what this means is that Latin America is falling behind.
This article appeared in the The Americas section of the print edition under the headline “Export or stagnate”
From the June 1st 2019 edition
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