Report title: A Stronger Latin America Is Holding Up So Far, But Sustaining Growth Will Be Tougher In 2009
from S&P Credit Research
4255 word report published Sep 26, 2008

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Abstract: Latin American economies have held up fairly well in 2008 despite increasingly strained and uncertain global economic conditions. Standard&Poor's Ratings Services now projects that Latin American real GDP growth (weighted average) will land at a still-healthy 4.6% this year versus 5.7% in 2007. Although growth has eased in a number of Latin American countries, the region benefited from high commodity prices and still-solid growth in emerging Asia, as well as strong domestic demand. In 2009, however, Standard&Poor's expects growth to slow further to 3.9% as difficult external conditions increasingly weigh on the region. Among the problems Latin America will face next year are a projected U.S. recession, which has growth bottoming out in fourth-quarter 2008 and

Brief Excerpt: RESEARCH Ratings Definitions A Stronger Latin America Is Holding Up So Far, But Sustaining Growth Will Be Tougher In 2009 Publication date: 26-Sep-2008 Primary Credit Analyst: Lisa M Schineller, New York (1) 212-438-7352; lisa_schineller@standardandpoor...

Report Type: Commentary
Sector: Global Issuers, Public Finance, Structured Finance
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