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Dynamic, Resilient Latin America

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Latin AmericaWhile the global economic crisis that began in 2008 inflicted deep wounds on many nations, the dynamic and resilient economies of Latin America suffered less and rebounded more quickly. Signs of recovery are positive, owing in part to widespread adoption of sound macroeconomic practices. In addition, Latin American nations have implemented significant social initiatives and achieved remarkable success lifting people above what is considered the poverty line for advanced economies (an income of $12 per day per capita). The population making this economic ascent is more than six times higher in Latin America than it is in the rapidly expanding economies of East Asia.

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