According to the latest issue of the IDB’s Trade and Integration Monitor, Latin America’s exports of goods shrunk at annualized rates of 14.8% in 2015 and 8.5% in the first seven months of 2016. Likewise, exports of services contracted for the first time since the financial crisis (-2.4% in 2015). This two-year downturn marks a contraction phase that is now longer than the one … [Read more...] about Latin America Needs to Adapt to the Downshift in Global Trade
The latest Latin America and the Caribbean Trade Trend Estimates indicate that the value of exports from the region fell by 9% year-on-year in the first quarter of 2016. The noteworthy feature is that the rate of contraction slowed vis-à-vis 2015, when the cumulative drop totaled 15%. A comparison with the trade collapse of 2009 reveals that the current contraction, which began … [Read more...] about Exports from Latin America: Is There Light at the End of the Tunnel?
Recent estimates have revealed that in 2015, exports from Latin America and the Caribbean decreased at an annualized rate of 14%, the greatest contraction recorded since the trade collapse of 2009. This trend is affecting not only the region but the global economy as a whole. As a result, economists have begun to wonder if global trade has reached a peak that points to a change … [Read more...] about Why is export diversification so urgent?