Thursday, April 10, 2008

Latin economy may withstand slowdown

A report from the World Bank says Latin American and the Caribbean are better prepared for an economic slowdown in the United States.

Growing trade with China and stronger economies in the countries' commodities leaves the region better prepared than it was five years ago, according to the World Bank.

Latin America is "less vulnerable to financial contagion than in the past," said Augusto de la Torre, the World Bank's Chief Economist for Latin America and the Caribbean region.

Mexico and Chile are expected to be most resilient to a possible slowdown, although Central America and the Caribbean could feel more of an impact.

Read the report here.

Source: World Bank

No comments: