Latin American Economies Continue to Limp Along
Latin American Economies Continue to Limp Along
AS/COA’s Eric Farnsworth comments on Latin America’s economic outlook pointing out that growth for the region is “varied and complicated.”.
Victor Mora, a South Florida air conditioning executive, keeps his eye on economic growth and construction levels in Latin America and the Caribbean when trying to assess whether it will be a good year for his company.
“For us, if the GDP is growing, it’s good news,” he said. “When the economy starts growing, it means people have money to spend and they want to invest in comfort.”…
… Mora expects his top five markets for heating and cooling products will be the Dominican Republic, Panama, Mexico, Peru and Costa Rica, all of which are expected to achieve growth rates of more than 2.6 percent.
Economic prospects in the Americas are “varied and complicated and not at all where people hoped the region would be in 2016,” said Eric Farnsworth, vice president of the Americas Society and Council of the Americas. “There are some pretty strong headwinds for a lot of countries in Latin America.”…
