Economic Survey of Latin America and the Caribbean 2009-2010

The Distributive Impact of Public Policies

image of Economic Survey of Latin America and the Caribbean 2009-2010

In 2009, the countries of Latin America and the Caribbean experienced the brunt of the global financial crisis on their levels of activity. However, since the second half of the that year, most countries in the region just begun a vigorous recovery that should strengthen with a regional GDP expansion of approximately 5.2 per cent. The factors behind a more positive performance are both external and internal in nature. Amongst the former can be included the continued dynamism of some key Asian economies, whose sustained demand for products from this region has created important conditions for a recovery in exports, especially in the case of South America.




Economic activity in Brazil began to pick up in the second half of 2009, which reduced the initial impact of the international financial crisis of late 2008. Over the whole year, however, GDP growth was -0.2%. In 2010, the economic indicators are expected to be back to pre-crisis levels. Employment and investment are also expected to expand, giving estimated GDP growth of 7.6%, an improvement on the 6% observed in the 12 months to September 2008.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error