UN sees Latin America growth but price bubbles 'a risk'

[pampango]

http://www.bbc.co.uk/news/world-latin-america-14149800

Economic growth in Latin America and the Caribbean is set to be 4.7% this year, the UN's regional economic body, ECLAC, says.

The fastest-growing economy will Panama on 8.5%. Countries set to see strong growth include Argentina on 8.3%, and Peru on 7.1%.

ECLAC forecasts that the two biggest economies, Brazil and Mexico, will grow by 4%.

The report points to good news about jobs and in reducing poverty. Growth is being sustained largely by people being in a position to buy and consume more, while investment is on the rise.