Uruguay is the country with the best business climate, after increasing its score from 7.0 to 7.5 in July moving in front of Chile who was at the top the previous month.
According to a study released last Wednesday by the Brazilian Foundation Getulio Vargas. The report points out that Latin America remained stable between the months of April and July despite the international financial crisis.
The researchers add that the decline in business climate in the world and especially in more developed countries also suggests “caution” regarding the situation in Latin America, a region that has resisted the current international financial crisis.
Latin American countries with the best climate for business in July were Uruguay (7.5 points), Colombia (7.4 points), Chile (7.2 points) and Paraguay (6.7 points).
While Colombia’s index rose (from 6.5 points in April to 7.4 in July), as well as that of Uruguay (from 7.0 to 7.5), Chile’s index decreased (from 7.4 to 7.2) as well as Paraguay’s (from 7.0 to 6.7).
Two of the countries that were at the level of economic boom and declined were Argentina, whose rate decreased from 6.4 points in April to 5.9 in July, and Peru, from 6.5 to 6.1.
Ecuador’s indicator improved from 5.2 points in April to 5.6 points in July.
Venezuela (from 2.2 points in April to 4.0 in July) and Bolivia (from 3.9 to 4.6) recorded an improvement and entered the so-called recovery phase of their economies.
On the other hand, the economic climate index of Brazil, the largest regional economy, fell from 6.7 points in January to 5.9 points in April and then 5.8 points in July, falling below its average of the previous ten years (6.0 points).
Similarly, the rate of Mexico, the second largest economy in the region, fell from 5.6 points in April to 5.2 points in July.
Main Picture: JohnSeb