Latin America’s economic recovery is expected in 2014

The Latin American economy is slowing down every year since 2012, after the rapid recovery from the global crisis of 2008, but economists from international organizations, investment banks and consulting firms expect 2014 to be better.

2014 may favour certain countries in Latin America, especially Mexico and Central America to the higher demand from the U.S, which is in recovery.

The British firm Consensus Economics revealed  the predictions of consultants and banks and from them estimate averages. Its forecasts for the region are widely disparate, according to the countries. Especially for Brazil, in 2013, the year of social protests, the GDP recorded a growth of 2.3%, compared to the 1% of 2012.

Mexico, the second largest economy in the region, last year suffered a sharp slowdown in its growth from 3.9% in 2012 to 1.3%, in 2013 , as estimated by banks and consultants.

In the case of Argentina, according to data released by the opposition to the government of Cristina Fernandez, the economy improved its growth from 0.3% in 2012 to 3.1% in the first nine months of 2013. ECLAC expects a rise of 2.6% in 2014, but the entities surveyed by Consensus Economics predict a rise of 1.8%.