5 clues to what 2012 holds for Latin America's economy

The general opinion is that while the economic outlook for Latin America in 2012 is not as rosy as it has been in the past, it's not a bad one. 

1. Overall picture

Eraldo Peres/AP/File
IMF Managing Director Christine Lagarde (r.) speaks during a news conference as Brazil's Economic Minister Guido Mantega looks on in Brasilia, Brazil, in this Dec. 1, 2011 file photo. Lagarde was on her first official tour of Latin America in December.

The economic story of Latin America for the past several years has been how well it fared despite global economic volatility, especially compared with the US and Europe. Growth for 2012 is still expected to be steady. The International Monetary Fund (IMF) forecasts that the region’s economy will grow by 4 percent this year. But some analysts are starting to warn that this time, unlike in the 2008-09 crisis, a global recession could mean there's a “toxic” situation on Latin America’s horizon.

1 of 5

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

You've read  of  free articles. Subscribe to continue.