Growth picking up at countries of Pacific
Three decades ago Latin America used to be known by negative terms such as dictatorship, debt crises and high inflation. The region´s GDP increased by an annual average of only 1.5% in the 1980s. One decade later the rate rose to 2.4% and finally achieved 4.2% between 2003 and 2013. Over the years Latam has begun to be associated with economic growth, new middle class, poverty reduction and controlled inflation.
Despite general improvements in the region, growth has surprised on the downside in almost all countries in 2014 (see chart 1). Why and what are the most impacted sectors? This subject will be addressed in the Latam Panorama
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