Latin America has first surplus in 50 years

[ze_dscherman]

The region of Latin America and the Caribbean has recorded its first current account surplus for 50 years, as strong increases in demand from Asia and the US and higher commodity prices pulled its economies out of recession.

Preliminary figures for 2003 from the United Nations Economic Commission for Latin America (Ecla) show output expanded by 1.5 per cent in 2003 after a contraction of 0.4 per cent in 2002.

Relatively rapid growth of 7 per cent in Argentina and more than 3 per cent in Chile, Peru and Colombia helped offset the effect of a 9.5 per cent contraction in Venezuela and a sluggish performance by the region's two biggest economies: Mexico (up 1.2 per cent) and Brazil (up 0.1 per cent).

SNIP

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1071251621501&p=1012571727102

[GregW]

1. Australia also has a budget surplus

Which is amazing given the idiot PM they currently have.

[MrPrax]

4. So does Canunkistan

under Cretin/Martin liberals...in fact Paul Martin just ordered a wide-reaching gov't spending freeze which will make an even 'better' surplus...

[tom_paine]

2. Sounds like someone is in need of Imperial Amerikan "help"

You know...Bushevik-type help...the kind that leaves your pockets emptied and your people cold and hungry and powerless.

And they're going to get it, too. The rapacious scum that infest the Busheviks cannot look at surplus monies lying around without trying to steal some of it.

[SoCalDem]

3. We can't have THAT, now can we??

There are probably "deals" in the works right now to take care of that "situation"..:(