The economic story of Latin America for the past several years has been how well it fared despite global economic volatility, especially compared with the US and Europe. Growth for 2012 is still expected to be steady. The International Monetary Fund (IMF) forecasts that the region’s economy will grow by 4 percent this year. But some analysts are starting to warn that this time, unlike in the 2008-09 crisis, a global recession could mean there's a “toxic” situation on Latin America’s horizon.
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