International. Coface, a credit insurance company, presented a study in which it analyzes that the fall in the prices of raw materials will mean that the growth of the economy in Latin America presents a growth lower than estimated.
The study, published by the EFE agency, indicates that the average GDP increase figure in the region is around 2%. However, the Pacific countries (Mexico, Chile, Colombia and Peru) will be the ones with the highest growth rate, highlighting Peru and Colombia. The Pacific Alliance and its free market strategy will influence this growth.
Coface estimates GDP growth in Colombia of 4.5% for this year, 3% for Chile, and 3.5% for Mexico.
With respect to the sectoral outlook, industries such as automotive, construction and chemicals present a deterioration of their risk at a medium level to invest or do business.
