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Latin America 2004

While exports to Latin America and the Caribbean from Canada continued a prolonged slide through 2003, signs of improvement in many Latin American countries' economies have experts in the trade and transportation community predicting good things for the Latin American trade in the near future.

Major Latin Economies

Thanks to stronger exports and the recovery of some of its largest economies, the region's GDP grew by 1.1 per cent in 2003 and is expected to grow 3.8 per cent in 2004.

In Brazil, high unemployment and credit costs caused South America's biggest economy to shrink for the first time in 12 years in 2003. Thanks to strong exports and expected growth in foreign investment, it is expected to grow by 3.5 per cent in 2004. Brazilian exports hit a record high in March 2004. Argentina's economy continues to grow slowly but steadily as it recovers from its worst ever recession. On the strength of surging exports, South America's second-biggest......

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Approximate Word Count: 1121
Approximate Pages: 5 (250 words per double-spaced page)

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