Southern Common Market
Southern Common Market latest publications
Latin America will grow this year. This is good news for the region following two consecutive years of contraction, 2015 and 2016, which followed three of slowdown due to the fall in commodity prices. BBVA Research expects the region as a whole to grow by 0.8% this year and 1.7% in 2018.
The tailwinds that Latin America had enjoyed for ten years over 2004 to 2013 (the steady rise of commodity prices, driven up by China, and helpful international borrowing conditions) have now died down and there is no prospect of them returning in the near future.
While the countries of the Pacific Alliance have already signed FTAs with the United States and the European Union, Brazil, Mercosur giant, does not have any of them.