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Economic Survey of Latin America and the Caribbean 2009-2010

The Distributive Impact of Public Policies

image of Economic Survey of Latin America and the Caribbean 2009-2010

In 2009, the countries of Latin America and the Caribbean experienced the brunt of the global financial crisis on their levels of activity. However, since the second half of the that year, most countries in the region just begun a vigorous recovery that should strengthen with a regional GDP expansion of approximately 5.2 per cent. The factors behind a more positive performance are both external and internal in nature. Amongst the former can be included the continued dynamism of some key Asian economies, whose sustained demand for products from this region has created important conditions for a recovery in exports, especially in the case of South America.

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Presentation

The sixty-second edition of the Economic Survey of Latin America and the Caribbean, covering 2009-2010, analyses three phases in the economic performance of Latin America and the Caribbean. In late 2008 the region was buffeted by the severest global economic crisis since the Great Depression, cutting short a period of growth whose duration and characteristics were unprecedented in its recent history. The region has experienced an unexpectedly strong recovery since the second half of 2009, but for a variety of reasons, both external and internal, growth rates are expected to cool in 2011.

English

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