The tightening of monetary policy over the last year by China, India, and Brazil will cause their domestic economies to slow. Coupled with the slowdown in developed countries, global growth is set to slow for the rest of 2011 and early 2012. The European debt crisis is going to get worse, and it also will have a negative effect on global growth.
If enough financial help is provided through a joint venture between the IMF and the European Union, Ireland will have the chance to restore confidence without issuing new debt in the coming months.
The eight Latam countries with the largest economic footprints were studied to determine the relative effects of The Great recession and the subsequent recovery.