Fernando Sedano, Ph.D., economic consultant
MAPI predicts manufacturing production in Latin America will post a weak 0.5% growth rate in 2012, dragged down by a manufacturing recession in Brazil and a sudden stop in output growth in Argentina. Mexico's manufacturers are in relatively better shape, benefiting from solid U.S. demand and resilient domestic demand. Conditions are set for solid growth in 2013, although uncertainties in the global outlook pose risks to our estimates. We expect our index to grow 4% in 2013. Economic Outlook

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