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L. America progresses despite dramas in 2010

12-02-2010 14:56 BJT

SANTIAGO, Dec. 1 (Xinhua) -- It has been a dramatic 2010 in Latin America and the Caribbean, including two earthquakes, presidential elections, an attempted coup, the fight against drug trafficking and bicentennial celebrations.

All in all, the most encouraging thing of the year was the economic recovery in the region.

The recovery is due to the fact that almost all the countries in the region have a favorable macroeconomic framework, stable markets and larger foreign investment. The biggest growth was registered in Peru, Colombia, Brazil, Argentina, Chile and Uruguay.

The region's growing economic and trade ties with China also contributed to the recovery.

However, Latin America and the Caribbean continues to be the region with the most inequality in the world, with more than 189 million people living in poverty, or 34 percent of the region's total population, according to the Economic Commission for Latin America and the Caribbean (ECLAC).

The region also suffered badly from natural disasters in the year.

Despite a quick international aid response, Haiti is still reeling from the Jan. 12 earthquake, which killed more than 200,000 people, left 1.6 million homeless, and caused great damage.

The country is still grappling with a cholera epidemic, which surfaced after the earthquake and had killed more than 1,600 by Nov. 29.

Editor:Du Xiaodan |Source: Xinhua

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