Economic Tracker

While the growth outlook for the Latin American region as a whole does not look bright for 2014, especially for South American countries, countries like Mexico and Colombia are expected to register healthy growth in 2014. While these two are heavily dependent on the United States for their exports demand, a fast recovery of the US economy is likely...

The Latin American region as a whole is expected to register a weakened growth rate of 1.3% in 2014. On the external front, weak commodity prices have led to fall in private spending, while on the domestic front, policy uncertainties have lowered confidence levels. However, a 2.2% growth recovery is foreseen in 2015 as policy uncertainties reduce.

Latin American economies that are tied to the United States for their exports demand are expected to directly benefit from a faster than expected recovery of the US economy in 2014. However, countries such as Chile and most of other Latin American economies are anticipated to be adversely affected by falling raw materials prices and slowing Chinese...

Latin American growth outlook is anticipated to remain lackluster for 2015 due to slow recovery of global demand for the mining products of the region. Sluggish exports resulting in the devaluation of local currencies led to a continuous rise in inflation levels of several regional economies such as Colombia, Chile, and Brazil. As a result, consume...

The outlook for H1, 2015 remains uncertain; growth momentum in the region is expected to decelerate to 1% in 2015 on account of faltering commodity demand, high consumer prices and uncertain foreign investor sentiments. Fiscal consolidation and structural reforms are crucial to revive growth and investment inflows in the region.

The Latin American economies are anticipated to register subdued growth in H2 2014 caused by weak commodity prices and political uncertainties. As a result, confidence levels will diminish. However, growth levels are expected to pick up in H1 2015, with economies such as Mexico and Colombia benefiting from positive spillovers of the US recovery and...

Growth in North American is expected to stabilize in 2015 owing to a healthy rebound in the US economy. Driven by resilient consumer demand, it is anticipated that the region will grow by 2.5 percent in H1 2015. A strong US dollar and increased demand from the US may boost Canadian exports in H1 2015. External factors such as the slowdown in the Ch...

Strong GDP growth supported by resilient domestic demand, prudent fiscal policies, and improved business sentiments is expected for the North American countries in Q1 2015, regardless of the slowdown and uncertainty in the global economy

North American growth continued to accelerate in Q3 2014 following the strong Q2 performance. The energy sector boom, resulting in low fuel-prices and strong public-sector spending—despite modest consumer spending growth, supported strong economic expansion of the region in Q3 2014. The rise in real wages and dwindling unemployment will keep cons...