Latin America

The global economic downturn has clearly not spared Latin America, although the effect has been uneven. Some economies were hard hit, while others have shown remarkable resilience. However, the region’s large and growing populations make up a rapidly expanding consumer base that offers considerable growth potential. Latin America’s GDP is expected to fall about 2.5% this year, although economists say there are signs of improvement. The pace of recovery is not uniform across the region, however (table). “Industrial production has picked up in...

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