Latin America's incredible resilience to the global financial crisis and ensuing downturn will be tested in 2011,according to both the World Bank and the International Monetary Fund.While GDP growth for the region is expected in the 4%to 5%range,in line with the East Asian Tigers, currency pressures and inflation,along with the possibility of a substantial slowdown in either Brazil or China,pose huge risks for the region. While Latin America's impressive 6% growth rate in 2010 outpaced that of Eastern Europe,Central Asia,and high-income countries'by three percentage points,'the World Bank's Latin America team noted that policymakers shouldn't expect'smooth sailing ahead.'External and internal risks loom and it will require'skillful policy'to get through the crisis, according to the Augusto de la Torte,the Bank's chief economist for Latin America.
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