Market Research Report
Mega Trends in LATAM, Forecast to 2025
|Published by||Frost & Sullivan||Product code||462542|
|Published||Content info||163 Pages
Delivery time: 1-2 business days
|Mega Trends in LATAM, Forecast to 2025|
|Published: February 15, 2017||Content info: 163 Pages||
Resurgence of the Next-generation Continent through Economic Growth Supported by Digital Inclusion and Technology Innovation
Most of the economies of LATAM are dependent on external forces such as the Chinese and the US economy, global commodity, and oil prices. With the slightest fluctuations in these economies, LATAM economies will be impacted the most. In the past years, LATAM had been sluggish in growth, due to falling commodity prices and oil price volatility.
After years of economic contraction, LATAM has seen gradual return of growth, supported by a gradual stabilization in commodities prices, along with reinforcement the US and the Eurozone economy. In the next decade, LATAM will see huge growth in digital inclusion, urbanization, cities creating economy as big as countries, upsurge of middle income class and growth of the affluent class, declining dependency ratio, advancement of renewable energy capacity, and high adoption of business disruption such as Fintech technology. All these factors will lead to the resurgence of the 'next-generation' continent in the next decade.
A strong service sector, steady growth of emerging economies and China's investment aid will help in the revival of the LATAM economy in the next 10 years. LATAM's emerging economies such as Panama, Costa Rica, and Dominican Republic will have a positive and steady economic growth in the next decade, when compared to big economies such as Brazil and Mexico. The smartphone technology, satellite technology, energy, retail, and healthcare sectors of the continent have significant growth potential and are likely to drive the economy of the continent by 2025. LATAM's economic resilience shows the commodity boom, which only explains a part of its broader growth story. As consumerism takes poise, LATAM's demographic dividend in comparison to regions such as MENA, SSA, and Emerging Europe will be a key decisive factor in attracting global investments and market attention.
The study's time frame is from 2015 to 2025.