We have included a new narrative format to complement the usual sections. Entitled “Opinion on the Region”, the new section opens a window of reflection in which we will review the regional areas of the world where MAPFRE is present. This first section offers an overview of the Latam South region, which includes all the countries in South America except for Brazil.
After a year like 2014 when Latin America grew by a mere 1 percent and a year 2015 that was marked by a decrease in revenue from non-renewable natural resources, the region’s performance is likely to be uneven.
In most of the countries of South America the uncertainty stemming from the slowdown of China and other emerging economies will continue in 2016 and inflationary pressure will remain high.
However, Chile, Colombia and Peru – where inflation is lower than in neighboring countries but still high in comparison with previous periods – share a solid macroeconomic stability and have implemented commercial and financial policies that position the region as a strategic commercial ally for other economic areas of the world.
The following video provides an interesting audiovisual summary of the socio-economic strengths of these three countries and highlights the strengths and sustained economic growth experienced by the region.