Latin America’s Economic Outlook for 2009: No Time for Optimism

What is the forecast for Latin American economies in 2009? Brookings Fellow Mauricio Cardenas and Arturo Galindo of the Inter-American Development Bank explain why the Latin America economic outlook for 2009 does not appear particularly grim—and even offers the prospect of limited but continued growth—despite the sharp recession in the U.S., a key influencer on the region’s economic growth patterns.