LATINA AMERICA.
WORLD BANK.
Argentina, Brazil and the rest of Latin America, are well positioned to face risks in the event of a global financial recession, according to the World Bank vice president for Latin America Pamela Cox, who visited Uruguay recently.
Ms Cox who was in a meeting with government officials from Argentina, Brazil, Chile and Uruguay, said that the region is well able to suffer external shocks from the crisis in the United States, as a result of four years running of sustained growth at 5%.
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Having outlined the chances of global recession, Ms Cox went on to say that the region must expect a drop in demand and prices of rural commodities.
