MEXICO CITY, MEXICO / ACCESSWIRE / September 6, 2017 / ccording to the Economic Commission for Latin America and the Caribbean (ECLAC), the Latin American economy is predicted to grow by 1.1% in 2017. Important political shifts and a recent upturn in commodity markets are the catalysts driving the economic recovery in the region. Leading international trade broker, Vicente Izquierdo Munoz believes the positive reforms taking place across each subregion have put the Latin American market on course for further improvement into the future.

Set against a supportive global economic background, the Gross Domestic Product (GDP) in Latin America is predicted to grow by 1.3% in 2017, and 2.1% in 2018. The ECLAC has forecast a stable average deficit in the region and reported a decline in average inflation since 2016. Vicente Izquierdo Munoz notes that the transforming political landscapes across Argentina, Peru and Brazil play a key role in the anticipated positive growth. The benefit of more conventional politics overtaking populism in Latin America can be seen in the local economies. After the 2015 presidential appointment of Mauricio Macri in Argentina, the country saw great impetus in public investment and the expansion of exports. In Peru, the newly elected President Pedro Pablo Kuczynski has championed the country's political improvement by introducing an ambitious tax system reform, and increasing mining production and infrastructure projects. Likewise, economic reforms in Brazil, under the new leadership of Michel Temer, saw the region's stock market index rank amongst the world's top performing in 2016 as it rose 23%.

Vicente Izquierdo Munoz asserts that this new era of growing political stability in Latin America has helped to gain foreign investor confidence and boost demand for commodities, particularly from the US and China. The prices of assets in the region have also increased substantially with inflows rising from $4bn in 2016 to $5bn in 2017. The escalating demand for commodities across the wider Latin American market is also expected to lead to the stabilization of local currencies.

Vicente Izquierdo Munoz is a leading international broker, specializing in foreign exchange and CFD trading in currencies, indexes, commodities, and stocks. As the Co-Founder of a leading broker market that provides access to one-click transactions, instant executions and real time data, his firm specializes in the trading of financial products in Over-the-Counter (OTC) and organized stock markets. With advanced technological solutions and the support of a professional finance team, Vicente and his team service both retail and institutional entities in over 180 countries throughout Europe, Asia, Middle East, Africa and Latin America.

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SOURCE: Vicente Izquierdo Munoz