2.10 Latin America

GDP growth in Latin America came to 3.0% in 2012. Among individual countries, Brazil and Argentina experienced economic slowdowns, while Mexico and Chile recorded strong growth. According to BSRIA, Latin America’s chiller market scale reached US$ 412.9 million in 2012, marking sharp growth of 18.7% compared with the previous year. Among countries, Mexico saw its scale expand 27.1% yearon-year.