Economic Outlook for Latin America, 2013
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Economic Outlook for Latin America, 2013

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The slow recovery of the global economy and market volatility have led to lower growth forecasts for Latin America and the Caribbean in 2013.

Expectations surrounding the end of the economic stimulus package in the United States have spurred the movement of capital flows to safer markets, and thus have put local currencies under increased pressure.

The World Bank Chief Economist for the region, Augusto de la Torre, explored how this monetary reshuffling can serve to stimulate regional growth – through an expansion of export capacity, for example.


Chief Economist, Latin America and the Caribbean, World Bank Group
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Dr. Ashish Manohar Urkude
Though we are not against any nation or economy, still, we feel, why big economies always put a pressure on small economies? Can the small economies be made independant from this pressure? Can the world economy be made dollar independant? Why can't there be 10 accepted currencies around the world than only USD? The question is obvious when BRICS have got together recently to form their own cartel.