Skip to content
Subscriber Only
Business
Economics

Divided Latin America Favors Fast-Growing Pacific Region

The end of a decade-long boom driven by cheap money and strong commodity prices has deeply divided Latin America between fast-growth countries along the Pacific coast and stragglers on the Atlantic.

Venezuela, Brazil and Argentina, which make up 98 percent of the combined economies of the Mercosur trade bloc, will grow an average of 0.6 percent this year, according to the International Monetary Fund’s latest World Economic Outlook. Chile, Peru, Colombia and Mexico, which formed the Pacific Alliance trade group in 2011, will grow 4.2 percent.