Latin America

Down, but Not Out Latin America’s growth prospects this year will be considerably less than envisioned in mid-2008, but countries including Brazil and Peru are relatively well placed to weather the global financial turmoil, analysts say. Estimates for the region’s GDP growth this year hover around 2%, down from earlier estimates of about 5%. Many of the countries are better placed to handle the crisis than in previous downturns, executives say. Brazil, Chile, Colombia, Mexico, and Peru “share well-trained ministries of finance, record levels of...

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