Moises Saman for The New York Times
The Plaza Norte shopping mall in Los Olivos, a district of Lima, where many poor migrants from the Peruvian highlands live.
LIMA, Peru — While the United States and Europe fret over huge deficits and threats to a fragile recovery, this region has a surprise in store. Latin America, beset in the past by debt defaults, currency devaluations and the need for bailouts from rich countries, is experiencing robust economic growth that is the envy of its northern counterparts.
Eliseo Fernandez/Reuters
Copper awaiting delivery in Valparaíso, Chile. Latin America has benefited from strong Asian demand for commodities.
Strong demand in Asia for commodities like iron ore, tin and gold, combined with policies in several Latin American economies that help control deficits and keep inflation low, are encouraging investment and fueling much of the growth. The
World Bank forecasts that the region’s economy
will grow 4.5 percent this year.
Read complete article
BACK to margotbworldnews.com
No comments:
Post a Comment