Brazil registered the largest decline in this year’s survey following a year of flat economic growth.
Chile continues to lead the Latin Business Index for another year, an index which measures the climate for doing business in Latin America’s 18 largest economies. The index focuses on five main categories: macroeconomic environment, corporate environment, globalization and competitiveness, infrastructure level, and political environment.
Following Chile, the top five is rounded out with Panama, Peru, Mexico, and Costa Rica. These countries all posted strong rates of growth and low levels of inflation in the past year, and are praised for their market openness and ease of doing business.
Uruguay, which placed in last year’s top 5 fell to number 7 this year due to a decline in the country’s macro environment – which measures a country’s economic growth, inflation, and future projections for both.
Fellow Mercosur member Paraguay also fell by two places from number 8 to number 10 after the country suffered a small economic contraction due to a drought, and foot-and-mouth outbreak which affected the country’s primary exports of soybeans and cattle. However, the country is on track to achieve double-digit growth this year.
But the largest decline on the survey was registered by Brazil – the region’s largest economy – which fell four places(to number 13) in comparison with last year’s ranking after sharp declines in its macroeconomic score due to nearly flat …
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