In light of recent economic data from the US, Tim Cooper - Global Economic Strategist at Business Monitor International - suggests that the US recession may now be over. However, he believes that there is little to cheer about at this stage, as the recovery process will be very prolonged and slow.
In recent years, Latin American economies have benefited from booming US consumer growth, high commodities prices, and ample global liquidity, helping the region post an estimated average annual real GDP growth rate of 5.1% between 2004 and 2008.
Now, however, the tide is turning rapidly, and I am expecting growth to fall to 4.6% this [Read more...]
Subscribe to our free daily or weekly email newsletters or get our latest posts on your prefered RSS reader.
