Interests rates are expected to rise for the central banks in Brazil for 2016. Peru is expected to have a growth of 3% in 2016. One of the highest estimates for the Latin American economies in 2016. The slump in Latin American economies is expected to continue for the next couple of months. Economists are unsure about when the slump will truly be over. However, we cannot hate on economists too much, the economy is extremely difficult to predict with many different variables.