Back

Latin American Economy & Business - September 2018 (ISSN 1741-7430)

Region: Higher oil prices failing to bolster the region's economies

In recent years, high oil prices have generally boosted economic performance in the region, via increased export earnings and stronger government spending. However, the increase in oil prices so far this year does not seem to be having a significant positive impact on the region’s net energy exporters. Even though Brent oil prices are approaching US$80/barrel – a level not seen since late 2014 – GDP growth in Latin America looks set to remain weak. Indeed, the Economic Commission for Latin America and the Caribbean (Eclac) are forecasting growth of just 1.5% this year, up only marginally from 1.2% last year.

End of preview - This article contains approximately 606 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.