Doubts emerge over Latin America economies after the boom years

Commodity prices have declined (photo:dpa)
Commodity prices have declined (photo:dpa)

Many countries in Latin America have emerged in the first decade of the 21st century with their economies growing and having weathered the financial crisis of 2008 far better than the developed world. But there are concerns that governments have become complacent in the good times and are failing to prepare for the future when trading conditions could be less favourable says GIS guest expert Guillermo Perry.

LATIN American economies are continuing to grow faster than those in the ‘industrialised’ world, but the rate of growth is slowing. In 2012 it was slightly above three per cent, down from 4.5 per cent in 2011.

This trend, which began in 2003 afte...

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