Publish in Special Reports - Tuesday, October 4, 2016
Despite a slowdown compared with last year and uncertainty about a peace deal with FARC, Colombia will be have the second-best performance among Latin America's top economies the next two years. Here business hub Medellin. (Photo: Medellin Government)
Brazil and Argentina among worst economic performers this year.
BY LATINVEX STAFF
Despite uncertainty surrounding the future of a peace agreement with guerrilla group FARC, Colombia is expected to be among the economic growth winners in Latin America the next two years, according to a Latinvex analysis of new estimates from the International Monetary Fund (IMF).
A slim majority of voters in Colombia on Sunday rejected a peace agreement between FARC and the government of President Juan Manuel Santos. The result is "negative" for the country's credit profile, according to ratings agency Moody's and led to a weakening of Colombia’s peso against the US dollar.
However, Colombia and its neighbor Peru will lead GDP growth among Latin America’s top seven economies the next two years. Meanwhile, Brazil and Argentina will be among the region’s worst performers, although they will see clear improvements next year.
All in all, Latin America is expected to see a ...
Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela