Latin American Outlook Improves as Adjustment Efforts Continue

In general, the trade outlook for Latin America is improving, primarily because of debt refinancing opportunities and the world economic recovery. Latin America posted negative domestic product growth rates in 1982 and in 1983, but positive growth was experienced last year regionally, estimated at 2...

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Bibliographic Details
Published in:Business America 1985-03, Vol.8 (5), p.37
Main Authors: Taylor, Teresa J, Siegelman, Mark, Earle, Walter, Desrochers, Bill, Lindow, Herbert, Miles, Kevin, Muenzer, Richard
Format: Article
Language:English
Subjects:
Economic conditions
Economic growth
Exports
Forecasts
Imports
International trade
Statistical data
US exports
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Summary:In general, the trade outlook for Latin America is improving, primarily because of debt refinancing opportunities and the world economic recovery. Latin America posted negative domestic product growth rates in 1982 and in 1983, but positive growth was experienced last year regionally, estimated at 2.5%. Inflation continues to be a serious problem. The US is still Latin America's leading trading partner, with Mexico being the largest Latin American market for US goods. Argentina's continued need to conserve foreign exchange, combined with slower economic growth, will produce only modest gains in US exports in 1984 and a slight rebound in 1985. It has been estimated that Brazil's non-oil imports could increase by as much as 30% in 1985. Good US export prospects will include electronics, medical instruments, and avionics.
ISSN:0190-6275