Improved economic growth

 

ECLAC said the economies of Latin America and the Caribbean will expand by 3.2 per cent, on average, in 2014, higher than the 2.6 per cent predicted for 2013.


In it new report titled “Preliminary Overview of the Economies of Latin America and the Caribbean 2013,” ECLAC said that “less buoyant external demand, greater international financial volatility and falling consumption” were the factors determining the more modest economic performance of countries in 2013.


 “The next year is expected to see a moderately more favourable external environment help boost external demand, and, in turn, the region’s exports,” ECLAC said, adding “private consumption will also continue to grow, although more slowly than in previous periods”.


The UN body said that, in the meantime, increasing investment in the region “remains a challenge.



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