Description
Most of the economies of LATAM are dependent on external forces such as the Chinese and the US economy, global commodity, and oil prices. With the slightest fluctuations in these economies, LATAM economies will be impacted the most. In the past years, LATAM had been sluggish in growth, due to falling commodity prices and oil price volatility.
After years of economic contraction, LATAM has seen gradual return of growth, supported by a gradual stabilization in commodities prices, along with reinforcement the US and the Eurozone economy. In the next decade, LATAM will see huge growth in digital inclusion, urbanization, cities creating economy as big as countries, upsurge of middle income class and growth of the affluent class, declining dependency ratio, advancement of renewable energy capacity, and high adoption of business disruption such as Fintech technology. All these factors will lead to the resurgence of the ‘next-generation’ continent in the next decade.
A strong service sector, steady growth of emerging economies and China's investment aid will help in the revival of the LATAM economy in the next 10 years. LATAM’s emerging economies such as Panama, Costa Rica, and Dominican Republic will have a positive and steady economic growth in the next decade, when compared to big economies such as Brazil and Mexico. The smartphone technology, satellite technology, energy, retail, and healthcare sectors of the continent have significant growth potential and are likely to drive the economy of the continent by 2025. LATAM’s economic resilience shows the commodity boom, which only explains a part of its broader growth story. As consumerism takes poise, LATAM’s demographic dividend in comparison to regions such as MENA, SSA, and Emerging Europe will be a key decisive factor in attracting global investments and market attention.
Key Topics:
Connectivity Trends: Digital future of LATAM, Internet economy, mobile economy, Big Data analytics market, cyber security market, and digital inclusion in sectors such as agriculture and governance
Retail Trends: B2C online retail market, top online retailers of the region, and future transformational shifts in retailing
Urbanization trends: Mega Cities, Mega Regions, Mega Corridors, and urbanization rate
Smart is the New Green: Smart Cities and IoT Smart Developments
Social Trends: Demographic trends, middle class growth, women empowerment, and income distribution
Economy and Trade: Economic fundamentals of LATAM, foreign direct investments, and Chinese trade and investment in LATAM
Future of Banking: Mobile banking, Fintech technology, micro-finance, and crypto-currencies
Future of Energy Resources: Future energy generation and consumption, renewable energy, power sector growth and investments, renewable small-scale distributed generation industry, and net metering
Future of Healthcare: Healthcare spending, medical tourism, and digital healthcare
Future of Mobility: Vehicle sharing business models—car sharing, ride sharing, ‘on-demand’ mobility, integrated mobility, corporate mobility, city infrastructure investment, and connected cars market
The study’s time frame is from 2015 to 2025.
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