A study by Merrill Lynch says the economy of México is the only one in Latin America to have a significant growth during 2014, which has been benefited from “a stronger growth of the American economy and the adoption of structural reforms.”
The study, dated August 29, said that México was in fact the only country in Latin America that reported higher exports in the second quarter of the year than during the same period of 2013.
Merrill Lynch also noted investments in México in the automotive industry, such as the recent announcement of the opening of a plant by Kia Motors. Growth in Brazil is expected to remain below 1.0 percent in the second half of 2014. In Argentina, Merrill Lynch expects the contraction seen in the second half of the year to deepen, especially if the suspension of payments is maintained. Chile is expected to have a slow third quarter due to the uncertainty generated by new economic policies.
(from El Sol de Mazatlán)
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