Latin America's Great Economic Divide

Growth in nations on the Pacific outpaces that of Atlantic countries

There’s a rift in Latin America that is neatly defined by two oceans. According to the International Monetary Fund’s latest economic forecasts, the Atlantic-facing countries of Venezuela, Brazil, and Argentina, the largest members of the Mercosur customs union, will grow at an average rate of 0.6 percent this year; while Chile, Peru, Colombia, and Mexico—which make up the Pacific Alliance—will expand by 4.2 percent.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.