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Peru, Paraguay And Chile Will Be The Star Economies Of 2018 And 2019

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By 2019, the largest growth in the region is projected to the economy of Paraguay with 4.3%, followed by Peru (3.9%) and Chile (3.7%), according to the latest report from BBVA Research.

The Latin American economy will grow 0.9% on average this year due to weak performances from countries such as Argentina, Brazil, Mexico and Uruguay, said Gestión yesterday.

“We anticipate a growth of 0.9%, which is a downward revision compared to what we had 3 months ago, but in reality what these predictions show is a stronger heterogeneity in Latin America,” said BBVA Research’s chief economist for South America, Juan Ruiz.

As for Argentina, a “significant” recession is expected for this year, with a fall of 2.4% that will have a “slight” recovery in the first quarter of 2019, Gestión explained.

“For 2019, the highest growth in the region is projected for the Paraguayan economy, with 4.3%, followed by Peru (3.9%) and Chile (3.5%)”, they wrote, adding that the projected inflation in the case of Paraguay is 4.2%. Below is Colombia (3.3%), Chile (2.9%) and Peru (2.3%).

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Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.