Description

The Latin American region is likely to sum up the year 2013 with an annual growth of 2.7%. Most of the major economies in the region have fared better as compared to their European counterparts. As a part of their growth initiatives most of the economies in the region are now opening up their once highly regulated state controlled energy sectors for foreign investments. Infrastructure development remains top priority in economies such as Brazil and Colombia. Security continues to be a threat in the region.