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Regional Activity Modestly Picking Up; GDP Growth to Remain Moderate
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The Americas are expected to record tepid growth in 2020, higher than that of 2019. Advanced economies such as the US and Canada are likely to witness an economic rebound in 2020. Other smaller economies like Panama and Chile are poised to grow as well. However, Argentina’s growth is likely to remain contracted on account of currency deterioration and increasing public debt. Despite a weak economic performance in 2019, Brazil and Mexico should pick up pace in 2020 but remain below a 2.5% growth rate. The US’ economic outlook is dependent on the protracted US-China trade war. Improvements in trade talks will likely reflect as increased trade volumes, investment, and GDP growth. Business investment is expected to pick up in Mexico and Canada in the light of USMCA completion. Likewise, Mexico stands to benefit from trade diversions created by the trade war in H2 2019 and 2020.Country Coverage: Americas· Argentina· Brazil· Canada· Chile· Colombia· Mexico · Panama· United StatesSector Coverage: Economic indicators, demographics, energy, manufacturing, food and beverages, chemicals, pharmaceuticals, plastics, mining, electricity, construction, agriculture, healthcare, information and communication technologies.Indicator coverage: Gross Domestic Product (GDP) and its components, GDP growth, export and import, foreign direct investment, inflation, business confidence, population and demographics, index of industrial production (IIP), value-add by industry, trade by industry, IIP by industry, production of important commodities, oil production and consumption, oil export and import, renewable energy, emissions, coal production and consumption, healthcare spending, Internet and mobile subscription, and regional GDP growth calculation.Year, Quarter, and Month Coverage:· Yearly data: 2015–2024· Quarterly data: Q1 2015–Q2 2021 (Select Indicators)· Monthly data: January 2015–March 2020 (Select Indicators)Author: Sambhavy Shrestha
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