The Economic Commission on Latin America and the Caribbean is out with a new report on the economy. The numbers confirm that 2009 will be a grim year but that Latin America will begin to recover in the second half of 2009 and enjoy solid growth in 2010.
Still, the region will have to perform better to keep cutting the poverty rate.
ECLAC's outlook is more optimistic than an IMF survey from several months ago. The IMF projected that Venezuela's economy, for example, would shrink in 2009 or 2010. ECLAC is projecting Venezuela to grow both years.
Venezuela's economy may not decline, Does that mean that the rich get to stay rich or does that mean that 21st Century Socialism is effective and should be tried in the US?
Posted by: Charles Koch | July 20, 2009 at 10:44 PM