Description

Latin American growth faltered significantly in 2014; however, a gradual recovery is expected in 2015. The recovery in growth is expected to come from an increase in government spending on structural reforms. Domestic demand and investor confidence in the region are expected to remain subdued throughout 2015. Slow growth in export demand for mining products and weak commodity prices are expected to act as impediments to the region’s speedy recovery in 2015. A rebound in the United States is likely to boost Mexican exports; regional trade, however, is likely to remain restrained in 2015.