Latin America faces GDP contraction in 2015
Updated: Aug 18
GDP contractions in Latin America
Latin America is projected suffer a negative growth of –0.3% in 2015 and resume marginal growth of 0.7% in 2016, according to the 5 October 2015 estimates of ECLAC, the UN Economic Commission for Latin America and Caribbean.
Among the main factors behind the growth drop are a weak internal demand; a global environment marked by a low growth of the developed world; an important deceleration in emerging economies, especially China; the strengthening of the dollar and a growing volatility in financial markets; and an important fall in primary goods prices.
South America is expected to contract by –1.6% while Mexico and Central America would grow by 2.6%.
Brazil's GDP is projected to contract by 2.8% and that of Venezuela by 6.7%. Both the countries are likely to continue the negative growth in 2016 too with Brazil shrinking by –1% and Venezuela by –7%.
Mexico's growth projection for 2015 is 2.2%, Argentina's 1.6%,Colombia's 2.9%, Peru 2.7% and Chile 2.1%.
Panama will have the highest growth at 5.8%, followed by Dominican Republic at 5.6% and Bolivia at 4.4%
What are the main concerns on Business Development for me?
Me and others, Business developers are asking themselves questions such as:
Where else can we discover customers that we currently serve?
What other verticals can our product/or service deliver its value to?
What changes got to be made to the product/service to unravel other target audience’s problems?
What needs do existing customers experience that the corporate also can solve with its core competencies?
What is necessary to do in Business Development for me?
Develop your strategy, be clear what you want and how you are going to get it, do your current state assessment.
Set goals for what you want to achieve, define the work and timescales, plan and plan, measure progress.l
Present a clear proposal on the benefits to the client of your product or service.
Understanding your market/sector and the specific needs or problems faced within it.