Latin America Economies May Grow 4.2% in 2011, UN Says

Economic growth in Latin America and the Caribbean probably will slow to 4.2 percent next year from 6 percent this year, the United Nation’s economic unit for the region said.

Brazil’s economy, the region’s largest, may expand 4.6 percent in 2011 compared with 7.7 percent in 2010, the Economic Commission for Latin America and the Caribbean, known as Cepal for its Spanish initials, said in a report today. Chile and Peru may grow 6 percent in 2011, Argentina is set to expand 4.8 percent and Mexico may grow 3.5 percent, it said.