MAPI Economic Consultant Fernando Sedano presents Latin America’s economic and industrial forecasts, which have been revised downward as a result of Mexico’s weak activity this year. Both Brazil and Argentina are in the midst of a cyclical recovery from last year’s recession. Most growth is a consequence of targeted short-term patches intended to spur demand without encouraging supply (investment). Fernando is optimistic about real economic reforms in Mexico that will provide medium-term benefits in the pace of growth, but he remains concerned about the short-term economic weakness. In 2014, growth will pick up pace as Mexico’s activity benefits from better domestic conditions and from solid U.S. demand.
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