Region emerges from recession without new debt

After the global financial crisis throughout the last few years, Business Week predicts that Latin America will come out of the recession without having increased its debt level.

The lack of new debt leaves "the region in a good position at the start of 2010," according to Moody's Investors Services.

“For the first time in years, if not decades, a major crisis has passed without substantial increases in the regional debt burden or a fall in international reserves.”

In the same period, debt ballooned to 41 percent of GDP in Eastern Europe, while climbing just 3 percentage points to 37 percent in Latin America since 2007.

Read more here.