THE UN's regional body maintains that Latin America and the Caribbean will grow by 3.7 per cent in 2012.
There was less of a slowdown in economic activity in the region's countries during the first few months of this year when compared to the second half of 2011, despite considerable uncertainty and volatility in the external climate, according to a new report published by the Economic Commission for Latin America and the Caribbean (ECLAC), yesterday.
  A cargo ship leaving the Miraflores lock on the Panama Canal. Panama is expected to lead regional growth at eight per cent in 2012. (Photo: AP) 1/1  |
This United Nations commission predicts that the current European financial crisis, the slowdown in China and the positive but low-level growth in the United States will have differing impacts on this region's countries, depending on the relative size of their export-destination markets and their export structure.
Read more: http://www.jamaicaobserver.com/business/ECLAC-weighs-in-on-region_11707290#ixzz1xw79oZTn
'via Blog this'
No comments:
Post a Comment