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Growth outlook for Andean region looks positive for 2016

Growth outlook for Andean region looks positive for 2016

April 2016

According to a new report by Paladin Realty Partners, a Latin American institutional investment manager, after showing resilience during the 2008-09 global financial crisis and experiencing a robust recovery in 2010-11, economic growth has significantly moderated in Latin America’s leading economies of Brazil, Mexico, Colombia, Peru and Chile.

Brazil is experiencing its most pronounced recession since 1990 and, while painful, this should bring needed adjustment and reforms to Brazil’s economy. The growth outlook for the Andean region and Mexico is much better; each country’s GDP expanded in the 2% to 3% range in 2015, with slightly higher growth (3% to 4%) expected in 2016 and 2017.

Latin America represents one of the more compelling long-term, large scale growth opportunities in the world today, given the region’s attractive demographics, including a large population exceeding 400 million in Paladin Realty’s five target countries of Brazil, Mexico, Colombia, Peru and Chile. Most importantly, demand for modern real estate product (particularly low- and middle-income housing) remains supported by highly-visible and sustainable market trends, including demographic tailwinds, steady household formation, and a middle-class that is expected to expand over time due to productivity gains and economic growth.


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