Latin America Economy in January 2015

Source: OPEC 2/9/2015, Location: South America

Argentina’s GDP shrank 0.8% y-o-y in the 3Q14 on the back of a fall in exports, investments and private consumption. Exports fell by 8.4% y-o-y and imports dropped by 15.2% y-o-y, according to preliminary estimates. Gross fixed capital formation decreased by 4.7% y-o-y and private consumption shrank by 1.4% y-o-y. In contrast, government expenditure rose 1% y-o-y.

In Chile, the central bank left the monetary policy interest rate on hold at 3% in December. The economy there is experiencing a slowing momentum on the back of a fall in capital expenditures of around 10% y-o-y in the 3Q14. This fall was led by a nearly 25% drop in investment on machinery and equipment. The GDP contracted 0.8% in the 3Q, following growth of 2.7% and 1.9% in the 1Q and the 2Q, respectively.

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Sophie Zurquiyah, CEO of Viridien, said:
Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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