ECLAC: Latin America to Grow 4.1% in 2010

Economic recovery from the international crisis in Latin America and the Caribbean will be quicker than expected a few months ago.

Friday, December 11, 2009

In its annual report Preliminary Overview of the Economies of Latin America and the Caribbean 2009, the regional commission of the United Nations projects positive growth rates for most countries, but explains that there is still doubts about whether this recovery will be sustainable over time, given that the external scenario continues uncertain, which may affect growth expectations in the region.

The most notable recovery will take place in South America and Central America (with the exception of Mexico), which next year will have growth rates of 4.7% and 3.0%, respectively. Economic growth in the Caribbean is expected to be lower (1.8%).

According to ECLAC, Brazil will top the list of countries with higher growth in 2010, with expansion estimated at 5.5%, followed by Peru and Uruguay (5%), Bolivia, Chile and Panama (4.5%) and Argentina and Surinam (4%).

Mexico, Costa Rica and the Dominican Republic will grow 3.5%.



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