The background of steady, largely synchronised global growth coupled with low-to-moderate inflation ...
The background of steady, largely synchronised global growth coupled with low-to-moderate inflation provides a comfortable background against which Latin American markets can perform. The region's GDP growth prospects for this year and next should exceed 4%, regional inflation is low and falling, and EPS growth should average 15-20% in dollar terms. At 10 times 2000 earnings, the region's market multiple is undemanding both on an absolute and relative historical basis. The Latin American Investment Trust remains fully invested with the bulk of it assets in Mexico and Brazil, largely avoid...
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