Latin America Caribbean economy up 5-10%, Miami in recession

Post date: Sep 13, 2010 2:24:40 PM

AMERICAS CONFERENCE SPECIAL REPORT

As the U.S. economy struggles, Latin America and the Caribbean are rebounding

Clear winners:

Brazil, Peru, Uruguay and Panama

Clear losers such as

Haiti and Venezuela.

``It's almost like the United States and Latin American switched places,''

said Lasaga, president of Miami consulting firm StratInfo. ``This time Latin America is the region with the good economic indicators.''

Economic wobble in the United States could derail Latin America and Caribbean economies, no more true

chinese investments stabilized region

Brazil: Real currency up

Strong currencies signal success

2005 $1 bought 3.5 Reais

2010 $1 bought 1.7 Reais

Brazil will grow 8% 2010 with tendency 10% 2011

Brazil will host, and the 2016 Olympics,

which will be held in Rio de Janeiro, things are expected to get even better. Between now and 2016, the federal government plans to invest $6.3 billion in transportation infrastructure, $3.1 billion in airports, and $420 million in upgrading ports. Local governments plan to spend $2.1 billion to build and upgrade stadiums for the World Cup.