Preliminary Overview of the Economies of Latin America and the Caribbean 2011

ECLAC projects growth of 4.3% for the Latin American and Caribbean economy in 2011, lower than the rate in 2010 when the region was rebounding from the impacts of the economic and financial crisis of 2008-2009. The forecast growth rate for 2011, which represents a 3.2% rise in per capita GDP, reflects two main factors: the slacking of global economic growth and the cooling of domestic demand in Brazil, the region’s largest economy, prompted by the government’s measures to keep the economy from overheating after its growth surge in 2010.