The economic resurgence in Latin America is likely to stay strong for a while yet. Brazil and Peru should remain the region’s best performers – we expect both to expand by 6% this year. Mexico, Chile and Colombia are all likely to grow at around 3-4%. Looking further ahead, the medium-term growth prospects for most countries are positive too. In contrast to much of the developed world, banks remain in good shape and sovereign debt levels are relatively low.
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