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Latin American economies rebounding faster then U.S.

October 24th, 2009

IMFThe International Monetary Fund says Latin American economies are rebounding from the global crisis faster than the U.S. economy.

The IMF says Latin American and Caribbean economies should expand 2.9 percent overall in 2010.

The IMF report released Friday says the U.S. economy is expected to advance 1.5 percent next year.

Peru’s economy should grow the most for Latin America next year — 5.8 percent. It is followed by Chile and Guyana, with 4 percent growth.

Latin America’s largest economy in Brazil is expected to expand 3.5 percent in 2010. Mexico is poised for 3.1 percent growth. It has the region’s second largest economy.

Regional growth should be weakest for Caribbean nations that depend heavily on tourism.

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