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Economy

Economy

So many things have happened that it seemed like an eternity when we got back on the road for the great summer that was approaching. Unfortunately, my health started playing dirty tricks on me again and I couldn’t compete in Montreal. Actually, I was eager to play because the previous week we had trained very hard, both physically and on the court, in Los Angeles and I was ready. But I couldn’t, I just couldn’t.

According to BBVA Research’s latest report, Latin America’s slowdown process, which started in 2012, will bottom out this year, with a decline in activity of -0.9%, before giving way to positive GDP growth rates in 2017 of 1.8%. This increase in activity will be driven by growth in both public and private investment, especially in Argentina, Peru and Colombia, as well as stronger activity in the foreign sector, which will benefit from recent sharp currency depreciations and the gradual recovery in commodity prices.

The recent report, The Business of Financial Inclusion: Insights from Banks in Emerging Markets represents a new endeavor for the Institute of International Finance (IIF). It is based on the insights of 24 executives in charge of financial inclusion, a topic of growing interest.