Latin America and the Caribbean Regional Brief

The Latin America and Caribbean (LAC) region grew 5.1 percent in 2007, as commodity exporters benefited from record prices and rapid growth in global demand. The achievement marked the fourth straight year of growth in excess of 5 percent — its healthiest spurt since the 1970’s. This level of growth was well above levels in the OECD countries and slightly higher than in the East Asian tigers, albeit lower than in China.