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The Economist | Latin America’s largest economies: Different kettles of fish

The Economist

Latin America’s largest economies
Different kettles of fish
Although neither is in good odour with the markets, Brazil and Mexico are on different growth trajectories

SÃO PAULO

ON THE face of it, the pundits appear to have got their projections for Latin America’s two biggest economies upside down this year. Mexico, which started with the most promise, unexpectedly suffered a 0.7% slump in the second quarter compared with the first three months, according to data released on August 20th, due to a slump in construction, mining and exports. Brazil, which has been the subject of much hand-wringing since China’s demand for commodities collapsed, is expected to show decent growth when second-quarter figures are published on August 30th.

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