Isaac Perez Recao: Latin American Economic Bright Spots
July 10, 2013 § Leave a comment
Caracas, Isaac Perez Recao leverages entrepreneurial skills honed over decades of executive leadership experience and through graduate training at the Yale School of Management, The Wharton School, and the University of Oxford’s Said Business School.
Among international economic insecurity, Latin American economies demonstrate continuing growth potential. Venezuela, the region’s fourth largest economy and an oil powerhouse, spurred growth by over 5 percent in 2012 through a real estate boom as well as a spike in crude prices. Panama invested over $5 billion in its Panama Canal expansion project, a gamble that may improve traffic in the future by accommodating ships currently too large to pass through the canal. Such infrastructure investments improve Latin America’s economic prospects going forward.
Brazil, the top economy in South America, stays strong largely through commodities trading with China, a country with ongoing demand for Brazilian iron and soybeans. To meet that demand, Brazilian exports recently exploded to more than a quarter of a trillion dollars, an unprecedented high-water mark for Brazilian exports and a promising sign of Latin American economic growth.