30.05.2013 - Latin America disappoints after squandering commodity boom
Latin America is disappointing investors, economists and businesses with slower-than-forecast growth as waning commodity prices and strong currencies hit nations that failed to diversify and become more competitive. The five biggest investment-grade markets in the region -- magnets for foreign capital as rich countries stalled --expanded below projections or show signs of weakness. Mexicoís and Brazilís gross domestic product missed estimates in a Bloomberg survey. Economists polled by Brazilís central bank cut the countryís 2013 outlook this week for the second time in seven days, anticipating the worst three-year period in a decade...............................................Full Article: Source
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