Will U.S. economic woes expose Latin America to new turmoil?

After riding an export boom that sent economic growth surging to its highest levels in three decades, Latin America now finds itself vulnerable to U.S. financial turmoil and the possibility that world commodity prices may fall.

A slowdown would not only halt the region’s recovery from its dismal economic performance in the 1980s and 1990s but also could stymie efforts to reduce still pervasive poverty — one of the problems targeted by the Inter-American Development Bank, the 49-year-old regional lending institution for Latin America and the Caribbean that is holding its annual meeting in Miami Beach this week.

Despite gains in the past few years, regional economists estimate that one-third of the people of Latin America and the Caribbean still live in poverty. In some of the poorest countries of the Americas that figure rises to more than half of the population.”*

*From: www.miamiherald.com
Traducido: usando Google o Altavista/Babel Fish

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