Friday, October 10, 2014
ECLAC - Exports from Latin America and the Caribbean Stagnate for the Third Straight Year and Should Grow Just 0.8% in 2014
Latin America and the Caribbean's foreign trade will experience its third year of stagnation in 2014, due to minimal growth in the region's exports and a slight decline in its imports, the Economic Commission for Latin America and the Caribbean (ECLAC) reported today. In Santiago, Chile, the United Nations organization released its annual report Latin America and the Caribbean in the World Economy 2014, which forecasts that the value of the region's exports will grow just 0.8% on average this year after rising 23.5% in 2011, 1.6% in 2012 and falling 0.2% in 2013. The region's imports are seen falling 0.6% in 2014, after rising 21.7% in 2011, and 3.0% in 2012 and 2013.