WHAT is it about British financial journalists? They seem to really enjoy a bit of negativity - piling into Brazil's problems as if anyone who ever invested in an emerging market was a dumbo. While Brazil is having a tough time, other Latin American markets are continuing to see growth, despite some deceleration in their economies. Chile , Peru and Mexico are all looking good, and while the fact that their currencies have devalued by 10 to 15 percent hasn't helped British exporters, it should help their economies. They've also benefited from the recovering American economy, as that's where many of their exports go. Peru , for instance, should see one of the fastest rates of growth in the region this year, with 5.5 percent expansion expected, against the 2.5 percent regional average. Chile's centre-right government has introduced a raft of reforms; you can get a good idea of these from the fact that it now takes a single day to start and register a business, against 27 days as recently as 2010. Investment has increased, and despite lower commodity prices, increased production of copper has helped the economy grow at over four percent. Mexico in particular looks good, with PeÑa Nieto's relatively new government making headway combating crime and corruption, and planning infrastructure investment to boost the economy. While economic growth is only expected to be modest at 1.2 percent, the infrastructure splurge will create opportunities in telecoms, consulting and IT, as well as construction and the energy sector. (However, Atradius warns that most companies don't have access to bank loans, so exporters need to be able to provide supplier credit).
Most Popular Stories
- Dmytro Firtash, Ukrainian Billionaire, Arrested in Vienna
- Obama, Ukraine Discuss Russian Incursion in Crimea
- Federal Gov't Deficit Continues to Decline
- Venezuela Death Toll Reaches 28
- Russia Holds Large Military Drills in South
- Calumet Photo Files for Bankruptcy
- Navarro Celebrates 2 Years of Vida Mia
- Ukraine Moves Closer to Joining E.U.
- Herbalife Puts Off Meeting for Icahn Talks
- Ukraine Loan Delayed While Congress Goes on Vacation