In 2011, the Latin America and Caribbean overcame the adverse effect of external changes in economic situation. It maintained the trend of economic growth on the basis of relative stable of macro economy. The Gross Domestic Product (GDP) scored a growth of 4.3% and the GDP per capita, 3.2 percent. Although the growth rate slowed down, it was slightly above the average growth rate of the past ten years. The financial situation was improved. The government debt and inflation were still under control. The import and export of goods made a new breakthrough, but the current account deficit was not remedied. The foreign direct investment reached a new level. A number of problems in the economic development cannot be ignored. The inflation was going higher, which made it difficult to adjust the economic policy in the future. The capital account outflow might impose sharp impacts on some regional countries. Therefore, the pressure of structural adjustment was increasing and the influence of external uncertain factors became more complicated. The European debt crisis affected the substance economy of the Latin America by foreign trade, overseas remittance and financial market. Thus, the economic growth in the region is expected to further slow down in 2012.
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