"For a long time, Latin America has been a region plagued by economic troubles and poverty, constantly going cap in hand to the International Monetary Fund (IMF). But now it is a continent that has pulled itself out of the mire, thanks to the good fortune of minerals and oil, and is being courted by the IMF to help bail out the eurozone.
Although there is an overall picture of contraction in Latin America, the key thing to remember is that it is all still in positive territory. There are no signs of recession and much better growth numbers than in Europe and North America."
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