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Latin America economic growth and trade after Argentina.(Focus on Latin America)
Latin America is inching slowly along the road to recovery from the crisis that began in Argentina in 2001 and quickly swept though most Latin nations, pulling down trade across the region in 2002 and into 2003. U.S. exports to South America fell more than 20 percent in 2002 and continued to slide in the first half of 2003, although at a slightly slower rate. Export markets may revive in the second half of this year, but political tensions in several countries and ongoing difficulties in Argentina will keep credit risks at higher than average levels.
Banc One forecasts real 2003 GDP growth in South America of 3.5 percent, a considerable improvement over last ...
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Source: HighBeam Research, Latin America economic growth and trade after Argentina.(Focus on...