The economies of Latin America (LatAm) have fallen on hard times. After almost a decade of positive growth, the favorable external conditions are disappearing and prospects for growth seem grim. The IMF projection for 2015 is just 0.9%, the lowest growth rate since 2002, with the exception of 2009, the year of the Great Recession. […]
How large is Latin America’s middle class? 170 or 350 million people?
The subject of Latin America’s middle class has been in the news frequently over the past few years. Together . Therefore Latin America’s middle class is often a hotly debated subject. But how large is Latin America’s middle class? Different studies have yielded a wide range of estimates: anywhere between 170 and 350 million people. […]