The Economic Commission for Latin America and the Caribbean (ECLAC) reports, lower growth of the world economy and greater uncertainty and volatility in international financial markets will have repercussions for Latin America and the Caribbean, a region which will register a slight drop in growth to 3.7% in 2012, having reached 4.3% in 2011.
In the Preliminary Overview of the Economies of Latin America and the Caribbean 2011, the regional organization of the United Nations states that although growth was already slower by the first half of 2011 when compared to 2010, most of the region showed a positive performance thanks to a favourable external situation. However, volatility and uncertainty complicated the global environment during the second half of the year, which caused a greater slowdown of economies compared to 2010, when the region grew by 5.9%.
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