"These countries have shown their own resilience. Their economic policies have been sound and they’ve been able to conduct countercyclical policies."
Chairman of Roubini Global Economic and New York University Professor of Economics Nouriel Roubini joined AS/COA Online's Carin Zissis for an exclusive interview regarding Latin America's economic outlook. Roubini forecasts and regional growth rate of 3.8 percent for 2010. He also offered his outlook for specific countries, including Brazil, Mexico, and Venezuela.
AS/COA: In October you upgraded the growth outlook for Latin America for 2010 from 3 percent to 3.3 percent. Tonight you placed it at 3.8 percent.
Roubini: Yes, we’re doing our quarterly update to our global economic outlook and, as of now, we’re going to come out with it in early January, it’s probably going to be 3.8 percent for Latin America next year.
AS/COA: What is behind this increasingly positive outlook for Latin America?