Photo: Latin America
Mega Trends are transformative, global forces that define the future world with their far reaching impact on business, societies, economies, cultures and personal lives. In the last decade, Latin America has shown tremendous growth supported by the strong macroeconomic reforms implemented during the 1990s.
Global Information (GII) highlights a report below covering 12 mega trends for the Latin America region with potential scenarios and the implications of these trends.
The future expansion of Latin America’s consumer market means increased opportunities in the Latin American consumer finance. The region is also witnessing a dramatic rise in the number of high net worth individuals (HNWIs), particularly in Brazil.
Mega Trends in Latin America
In addition to strong fiscal reform, external demand for the significant wealth of Latin America’s natural resources has pushed the region to the frontiers of development. This report identifies Mega Trends that will create new growth opportunities and increase the region’s growth over the next decade. At the core of these trends that will define the future consumer market of Latin America is its projected 661 million people and combined GDP of almost $15.14 trillion in 2025.
Emerging Opportunities in the Latin America Consumer Finance Market: Market Size, Strategies, Products and Competitive Landscape
With positive growth projected for the consumer finance market in Brazil, Mexico and Chile, overall prospects for the consumer finance market in Latin America appear favorable. In Brazil, GDP grew by positive annual growth rates of 7.5% in 2010 and 3.8% in 2011.
Looking to the future, Brazil is expected to invest a total of BRL1.3 trillion into housing, construction, and infrastructure development during 2011-2014. These investments are expected to support growth in the consumer finance market, especially the mortgage lending category, over the forecast period.