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29 Nov 2018, Radoslav Yordanov, EMIS Editor

Moody’s sees Latin America’s recovery strengthening in 2019

Moody’s Investors Service forecasted that Latin American economies will continue to recover next year from their 2016-17 lows, Andina news agency reported.

The credit rater expects most of the countries from the region to post steady economic expansion, although their GDP levels will be lower than the historical trends. Countries such as Peru, Chile and Colombia will resume growth in 2019, while Brazil and Mexico will expand at more moderate levels, Moody’s projected.

The rating agency said that the Peruvian GDP will rise 4% in 2019 underpinned by strong domestic demand and underlined that the local banks will continue to post the highest profit in the region. In this regard, Moody’s expects stable credit conditions for non-financial companies in most of Latin America’s largest economies next year.

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