Graphics of the Americas Expo and Conference has released its annual forecast of the printing industry in Latin America, a core GOA audience.
The 2014 Latin American GDP is projected at 3.1 percent. The report finds that projected growth rates are much higher than in advanced economies. In 2014, the world economy will be characterized by growth in advanced economies and slowing growth in emerging markets, according to the International Monetary Fund (IMF) analysis.
The IMF has projected a GDP growth at 3.1 percent for Latin America in 2014. The 3.1 percent rate is higher than the projected GDP growth for advanced economies (2.6 percent for the US and 1 percent for the European area), but lower than the projected average for emerging economies (5.1 percent), according to the 2013 IMF World Economic Outlook.
The report also indicates that the gradual recovery of the US economy will positively impact Mexico, where GDP will move from a weak 1.2 percent in 2013, to a robust 3 percent in 2014. In addition, the US recovery also will benefit Central America and Colombia with 2014 growth rates of 3.9 percent and 4.2 percent, respectively.
For more information, including the full report, visit www.goaexpo.com.