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ECLAC Warns of Corporate and Sovereign Debt

Latin America, led by the Dominican Republic and Panama —countries forecast to increase their GDPs by 5.4% and 5.2%, respectively— will experience growth in 2019, but the region will have to overcome several obstacles before the end of the year. According to the Economic Commission for Latin America and the Caribbean (ECLAC), corporate and sovereign debt will be an issue, especially in countries that are more dependent on external financing. The region will also need to monitor the effect of trade tensions on commodity prices (traditional engines of regional growth), mainly in South America. Close behind the aforementioned economic growth leaders are Paraguay (4.4%), Bolivia (4.3%), Antigua and Barbuda (4.2%), Chile, and Honduras (both with 3.9%).

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