“We expect LatAm growth to turn the corner in 2017; fiscal consolidation is needed across LatAm but is subject to politics,” that’s the view of HSBC’s Latin America Economics Research team as expressed in the bank’s third-quarter Latin American Economics research booklet.
HSBC’s Latin America Economics Research team believes that the continent’s economic growth is set to pick up next year. GDP growth for 2017 is now expected to be 1.7% or 1.9% excluding Argentina and Venezuela. This year the continent’s GDP is projected to contract by 0.9% according to HSBC’s forecasts or -0.3% excluding Argentina and Venezuela.
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Inflation for the region as a whole is expected to be 52.2%...
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