Latin American GDP is expected to slump to 0.7% in 2015, following on from a dismal 2014. Some of the region’s largest economies are struggling the most – with Brazil, Argentina and Venezuela mired in slowdowns and recession. Overall, 23 of the 40 Latin American countries for which we have data, will see a decline in growth in 2015 over 2014. Yet beneath these topline figures business opportunities remain – with those with a thorough understanding of the region’s economies and nuances of their business environments at an advantage.
Real GDP Growth in Selected Latin American Economies: 2009-2015
Source: Euromonitor International from national statistics/OECD/UN/IMF
Note: Data for 2015 are forecast