NEWS

Outlook on the Americas

After difficult 2015, marked by stagnant average economic growth thet drove political and policy changes in many countries, the outlook for Latin America & the Caribbean in 2016 continues to be challenging.

Regional growth, forecasted to be less than 1%, will be the lowest in the world, due to weak demand for commodities, as well as limited progress in adopting productivity-enhancing structural reforms.

For a decade, our hemisphere benefited from strong economic growth and a relatively stable political and social environment. Economic gains allowed for notable social progress thanks to the adoption of targeted social policies that poverty rates and income inequality, and gave rise to a growing middle class.

The association of American Chambers of Commerce in Latin America and the Caribean advocate’s trade and investment between the countries of the region and the United States through free trade, free markets, and free enterprise.

AACCLA is guided by certain core values which form the foundation of both its mission and its trade and investment advocacy. AACCLA believes that:

The rule of law and freedom of choice, both in economics and politics, are basic rights that every country in the hemisphere should grant to its citizens.

Economic growth is the key to improving social well-being – and therefore, the continued health of democracy – across all sectors of society.

The economic activity of the private sector, including trade and investment, is the principal instrument of economic growth.

Corporate social responsibility and sustainable development are to improve long-term social and economic conditions.

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