The Atlantic-facing economies of Argentina, Brazil and Venezuela—the largest members of the Mercosur regional trade bloc are all experiencing slower economic growth which threatens their continued economic development. On the other side of the continent, Chile, Colombia, Mexico and Peru—which make up the Pacific Alliance—are forecast to grow at solid rates well above the rate of growth of population. Why is Mexico growing more quickly than Brazil?
Reasons for slow growth in Brazil:
Brighter growth prospects for Mexico:
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