Sunday, June 04, 2006
The party is coming to an end. After three years of healthy economic growth, Latin American economies -- including Venezuela and Argentina -- will start losing steam in 2007, according to new projections from the World Bank, the United Nations and Wall Street economists. The new figures seem to confirm what many have long suspected: Latin America's recent export-led growth was largely due to external factors -- such as high commodity prices, low interest rates and a growing world economy -- and that this environment would not last forever. Read the full column in The Miami Herald.