Latin America Market to Continue Slow Recovery

摘要

The Latin American market for paint and coatings has begun a slow market recovery,as it closely tracks regional gross domestic product growth,expected to rise by a half point to 1.7 percent this year,compared with 1.2 percent last year.The industry tends to expand one or two percent faster than GDP in good years,which in Latin America is often a relative term.When a few countries have recessions-like Argentina and Nicaragua in 2018,other nations may blossom,offering the more internationally-diversified manufacturers an opportunity to focus on the hot spots.This year,the paint and coatings industry will adapt to the high and low spots in country-by country GDP expansion ranging from 5.7 percent in the Dominican Republic to a 10 percent contraction in Venezuela,according to the latest statistics from the Americas Society.