Economic and Investment trends June 2015
Published on June 22, 2015
Economic short-term growth in Latin America is expected to be on the low side this year according to Chief Economist and manager of the research department of the Inter-American Development Bank, Jose Juan Ruiz. The reasons for this negative development are both external and internal of nature. The weakness in the Eurozone, slowdown in China and an overall decline in the price of raw materials. Thus, in part because the world economy is growing at a slower pace, so is the economy of Latin America. On the other hand, Latin America is growing slow also due to low productivity which can be fixed by means of investing in education.
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