[INFOGRAPHIC] Latin America continues economic downslide as Argentina, Brazil & Venezuela confront internal crises
Latin America’s growth will be even lower this year than 2014’s lackluster estimate. In fact, our panel of analysts slashed their projections on weaker economic activity in key regional players.
Forecasts for Argentina, Brazil and Venezuela were cut substantially this month due to a variety of internal factors including, the holdouts case in Argentina, the Petrobras scandal in Brazil and Venezuela’s erratic economic policy.
Currently, major Latin American currencies are resting near multi-year lows, reflecting low commodity prices, deteriorating economic prospects and growing speculation that the interest rate increase in the U.S. will take place sooner than expected.
Hover over our interactive infographic below to get details:
Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the opinion of FocusEconomics S.L.U. Views, forecasts or estimates are as of the date of the publication and are subject to change without notice. This report may provide addresses of, or contain hyperlinks to, other internet websites. FocusEconomics S.L.U. takes no responsibility for the contents of third party internet websites.
Date: March 19, 2015
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