TY  - SER
AU  - Lapper, Richard
TI  - GROWTH RATES IN REGION SET TO DIVERGE
KW  - CRECIMIENTO ECONOMICO AMERICA LATINA PREDICCIONES ECONOMICAS ECUADOR INDICADORES ECONOMICOS
KW  - CRECIMIENTO ECONOMICO - AMERICA LATINA
KW  - 03
KW  - 3ext135
KW  - EC
KW  - XL
N2  - The fortunes of Latin American economies have diverged over recent weeks, leading private-sector economists to predict sharply contrasting growth rates for this year. While Mexico continues to expand and Brazil is contracting less sharply than expected, the prospects for most of the rest of the region are deteriorating. Colombia, which devalued its currency yesterday, has seen the sharpest downturn, and recession in two other big economies - Argentina and Venezuela - will be deeper than was feared only a few weeks ago. Chile will also see lower than expected growth. Ecuador is also facing a bleaker outlook, with gross domestic product expected to decline by 3.3 per cent, compared with 1.6 per cent estimated in April. Colombia had been expected in April to grow 0.6 per cent but is now forecast to contract by 0.9 per cent
ER  -