Economic Survey of Latin America and the Caribbean 2009-2010. LC/G.2458-P

In 2009, the economies of Latin America and the Caribbean suffered the onslaught of the global financial crisis and, as a result, the region's GDP shrank by 1.9%. In the second half of the year, however, most of the region's countries were experiencing a robust recovery that has been consolidated in 2010, paving the way for regional GDP to expand by 5.2%. This makes Latin America and the Caribbean, together with the emerging economies of Asia, one of the most dynamic regions in the world.