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UN sees Latin America growth but price bubbles 'a risk'

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pampango Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:58 AM
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UN sees Latin America growth but price bubbles 'a risk'

Economic growth in Latin America and the Caribbean is set to be 4.7% this year, the UN's regional economic body, ECLAC, says.

The fastest-growing economy will Panama on 8.5%. Countries set to see strong growth include Argentina on 8.3%, and Peru on 7.1%.

ECLAC forecasts that the two biggest economies, Brazil and Mexico, will grow by 4%.

The report points to good news about jobs and in reducing poverty. Growth is being sustained largely by people being in a position to buy and consume more, while investment is on the rise.
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