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The bank sees growth in consumer credit and energy reforms as bright spots.

Despite some troubling economic markers in the Latin America in 2013, Spanish bank BBVAis optimistic about the 2014 forecast for the region. Latin Business Chronicle spoke with Nathaniel Karp, BBVA chief U.S. economist about his outlook for the coming year. While this year China’s moderate growth slowed demand for the region’s commodities, and the announcement by the U.S. Federal Reserve that it would begin to “taper” quantitative easing (QE) led to some shock and capital flight from the region, Karp believes 2014 will see some improvement.  “The bottom line is, those countries that have done their homework and kept focused on macroeconomic stability will continue to do better than others,” Karp said.

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