Description

While the growth outlook for the Latin American region as a whole does not look bright for 2014, especially for South American countries, countries like Mexico and Colombia are expected to register healthy growth in 2014. While these two are heavily dependent on the United States for their exports demand, a fast recovery of the US economy is likely to propel growth in these economies. Chile, the largest supplier of copper, has been heavily hit by a drop in copper prices, leading to fall in investments in Q1 2014. Growth recovery for Chile is expected to begin in H2 2014.