World Bank’s estimates for GDP growth in Latin America for 2012

The World Bank’s twice-yearly Global Economic Prospects (GEP) in its mid-year report for 2011 stated that the economies of Latin America expanded ‘at a pace near or above potential’ and that growth for South America was particularly strong, credited to robust domestic demand, accommodative external financing conditions in cases of countries integrated with the global financial system, and high commodity prices in cases of commodity exporters.The report released on Tuesday said that Guyana’s gross domestic product (GDP) will grow by 5.1% this year with greater growth of 5.6% projected for 2013, even as there are threats to the United States economy and the struggle by European countries. The Bank stated that Haiti will lead the bloc of Latin America and the Caribbean. The high performers projected are as follows: Read Article