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Central America bucks sluggish trend of regional economy

Monday, July 24, 2017


After five years of deceleration and one of recession, Latin America should register modest economic growth of 1-1.5 percent this year, according to forecasters. The picture varies from country to country. The return to aggregate growth is largely thanks to Brazil and Argentina, which are coming out of recessions.

Venezuela’s economy is collapsing. Mexico, Chile, Colombia and Peru are expanding at a sluggish rate of 2-3 percent. Only in Central America, the Dominican Republic and Bolivia is growth a respectable 4 percent or so.

Source: The Economist