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Here's What Latin America's Sharp Slowdown Means for the U.S.

The region's economy will grow only 0.1 percent this year, economists forecast

As the world nervously watches the Greek debt talks break down, there's another corner of the planet that's struggling.

Growth in most of Latin America and the Caribbean is coming to a screeching halt, dragged down by Argentina, Brazil and Venezuela. Economists expect the region (excluding Mexico) to expand an almost nonexistent 0.1 percent this year, a forecast that would mean faring worse than the U.S. for a second straight year. It's a reversal of fortunes, as the chart below shows.