Emerging Latin America Economic Tracker—Insights and Trends, Quarter 2, 2017

Emerging Latin America Economic Tracker—Insights and Trends, Quarter 2, 2017

Changing Trade Relations to Guide Economic Growth Trajectory

RELEASE DATE
28-Dec-2017
REGION
North America
Research Code: 9A79-00-15-00-00
SKU: CI00371-NA-DE_21363
$1,500.00
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Description

In Q2 2017, growth in Latin America slowed to 1.9% compared to the growth of 2.2% in Q1 2017, as manufacturing sector shrank by 0.5% and external demand declined. Colombia, Mexico, and Panama’s economic growth declined registering 1.2%, 2.2%, and 5.4% growth, respectively, in Q1 2017. However, Panama continues to remain the fastest growing economy in the region. Chile’s economy rebounded from the low of 0.1% in Q1 2017 to 1% in Q2 2017, driven by strong domestic demand and positive investor sentiments. However, a shrinking construction sector and dropping exports continue to hinder the growth of Chile’s economy. Increase in imports and strengthening of private consumption hint toward a stronger recovery for the Chilean economy.
Mexico’s economic growth was sustained by a strong service sector and growing exports. Uncertainty regarding the renewal of North American Free Trade Agreement, which is currently providing Mexican goods access to the large US and Canadian market, threaten to shrink Mexico’s trade balance and overall economic growth.
In June 2017, Panama formally cut its ties with Taiwan to start a diplomatic relation with China. This is expected to result in new trade deal with China that will facilitate the increase in Panama’s trade with China providing momentum to Panama’s economic growth.
Country Coverage – Emerging Latin America
·     Chile
·     Colombia
·     Mexico
·     Panama
Year, Quarter and Month Coverage
• Yearly Data: 2012 – 2021
• Quarterly Data: Q1 2012 – Q2 2019
• Monthly Data: January 2012 – June 2017

Table of Contents

Emerging Lating America Economic Tracker—Insights and Trends, Quarter 2, 2017

Related Research
In Q2 2017, growth in Latin America slowed to 1.9% compared to the growth of 2.2% in Q1 2017, as manufacturing sector shrank by 0.5% and external demand declined. Colombia, Mexico, and Panama’s economic growth declined registering 1.2%, 2.2%, and 5.4% growth, respectively, in Q1 2017. However, Panama continues to remain the fastest growing economy in the region. Chile’s economy rebounded from the low of 0.1% in Q1 2017 to 1% in Q2 2017, driven by strong domestic demand and positive investor sentiments. However, a shrinking construction sector and dropping exports continue to hinder the growth of Chile’s economy. Increase in imports and strengthening of private consumption hint toward a stronger recovery for the Chilean economy. Mexico’s economic growth was sustained by a strong service sector and growing exports. Uncertainty regarding the renewal of North American Free Trade Agreement, which is currently providing Mexican goods access to the large US and Canadian market, threaten to shrink Mexico’s trade balance and overall economic growth. In June 2017, Panama formally cut its ties with Taiwan to start a diplomatic relation with China. This is expected to result in new trade deal with China that will facilitate the increase in Panama’s trade with China providing momentum to Panama’s economic growth. Country Coverage – Emerging Latin America · Chile · Colombia · Mexico · Panama Year, Quarter and Month Coverage • Yearly Data: 2012 – 2021 • Quarterly Data: Q1 2012 – Q2 2019 • Monthly Data: January 2012 – June 2017
More Information
No Index No
Podcast No
Author Subrina Shrestha
Industries Cross Industries
WIP Number 9A79-00-15-00-00
Is Prebook No