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Article: Latin American Markets - Industry Outlook
- Article from:
- Zacks Investment Research - Industry Outlook
- Article date:
- November 20, 2008
- Author:
CopyrightCopyright 2008 Zacks Investment Research. (Hide copyright information)
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Latin American Markets - Industry Outlook
It seems that it has been a great period for Latin American economies since 2002. However, things have changed a lot and too fast in the last 3 or 4 months. The near future does not seem so bright, and uncertainty is in the air.
Latin America is widely regarded as a growth play in the equity markets -- as long as economic growth remains intact, Latin markets will keep on moving. The explanation for this view is that the region is a commodity producer: agricultural goods in Brazil and Argentina, metals in Brazil, Chile and Peru, oil in Venezuela and Ecuador, natural gas in Bolivia, etc. In general, that's a fair vision; however it must be better ...