www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Latin America

Mexico to pace Latin American economy in 2015: Analysts

By PAUL WELITZKIN in New York | China Daily USA | Updated: 2015-01-12 04:53

Mexico will emerge as an economic beacon in Latin America this year while China will continue to further integrate its relationship with the region, according to observers from Prudential Financial Inc.

At the Prudential 2015 Global Economic and Retirement Outlook in New York on Jan 6, John Praveen, managing director and chief investment strategist at Prudential International Investment Advisers, said Mexico will ride the coattails of the US economic recovery this year.

"Mexico will probably be an oasis in Latin America in 2015," said Praveen. "The Mexican economy should be able to withstand lower oil prices as the country's other sectors will likely grow enough to offset that."

Cathy Hepworth, managing director and portfolio manager for Latin America at Prudential, agrees with that assessment. "Mexico has a much more diversified economy. It's more manufacturing and service based. As the US economy recovers, Mexico will benefit from that," she said.

Hepworth added that Mexico's economic policies are "predictable and market friendly" and this helps to instill confidence in the Mexican government and economy.

China has a growing presence in the region. Last week China hosted a forum with 33 Latin American and Caribbean countries. The world's second-largest economy pledged billions of dollars of investment in projects in the region and unveiled a goal of nearly doubling two-way trade to $500 billion over the next 10 years.

"Latin America's relationship with China will become more integrated over time as China seeks a steady supply of commodities and an export market for its products and services," said Hepworth.

She said trade with Argentina and Brazil will center on agriculture. Oil will be the key driver of the Venezuela-China relationship while China will turn to Peru for metals like copper.

China and Venezuela announced a new $20 billion financing agreement last week to help the country weather the fiscal storm as low oil prices continue to strangle the Venezuelan economy. China and Venezuela announced a new $20 billion financing agreement last week to help the country weather the fiscal storm.

"Venezuela will continue to lean heavily on China," said Hepworth. "Low oil prices make it very hard for Venezuela to pay the interest on its bonds. There is a feeling that China won't let Venezuela default on its bonds."

While falling crude prices harm Venezuela, the majority of the region is likely to experience benefits, Hepworth said. "Brazil will be helped by low oil prices as it is still a net importer of energy. The lower prices will also help the country deal with its inflation problem,' she said.

So why does Brazil have an inflation problem when slumping commodity prices appear to have tamed inflation in the rest of the world?

"There is too much demand stimulus in Brazil," said Hepworth. "The government has been very generous in its social spending and the public-sector banks have been very aggressive lenders."

"The central bank has been raising rates to control inflation," noted Praveen. On Jan 9 the central bank said it will do what it takes to slow inflation to its 4.5 percent target. Brazilian President Dilma Rousseff has appointed a new economic team and promised cuts in spending to slow inflation as she embarks on a second term.

Praveen also said that the scandal affecting state-run oil company Petróleo Brasileiro SA ( or Petrobas) has sapped some of Brazil's confidence. Last year prosecutors investigated a kickback scheme at Petrobras that resulted in charges being filed against 35 people, including executives from some of the nation's biggest construction firms. Authorities alleged that top Petrobas officials operated a kickback scheme on contracts worth over $4 billion, with money from the inflated contracts eventually being fed back to the governing Workers' party and other major parties for political campaigns.

"The Petrobas scandal must be resolved. Petrobas has a strategic role in Brazil and the company needs to address this matter so it can focus on developing the country's energy reserves," said Praveen.

paulwelitzkin@chinadailyusa.com

 

Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
Air Force units explore new airspace
Premier Li urges information integration to serve the public
Dialogue links global political parties
Editor's picks
Beijing limits signs attached to top of buildings across city
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产三级日本三级在线播放 | 色偷偷亚洲女人天堂观看欧 | 四色6677最新永久网站 | 久久成人黄色 | 在线满18网站观看视频 | 国产精品视频第一区二区三区 | 黄色三级毛片网站 | 亚洲更新| 国产在线观看免费一级 | 成人软件网18免费视频 | 成人综合婷婷国产精品久久免费 | 好吊色综合网天天高清 | 看真人视频a级毛片 | 国产精品自拍视频 | 九九视频只有精品六 | 毛片一级做a爰片性色 | 国产三区二区 | 免费国产一级特黄久久 | 日本免费人做人一区在线观看 | 手机在线国产精品 | 日韩精品视频美在线精品视频 | 久久免费国产精品一区二区 | 亚洲三级黄色 | 全球成人网 | 韩国一区在线 | 精品成人 | 美女张开腿让男人桶的动态图 | 日本亚洲高清 | 久久er热这里只有精品23 | 成人毛片免费观看视频大全 | 亚洲视频精品 | 在线播放精品一区二区啪视频 | 久草在线在线 | 日韩精品综合 | 久久精品国产免费看久久精品 | 性欧洲精品videos' | 国产精品网站 夜色 | 久久久精品国产 | 亚洲一区二区三区在线视频 | 99视频网址 | 欧美特黄三级成人 |