The strong economic growth of Argentine and Venezuela this year will probably help reach an average growth within 4.8% average for Latin America economies according to the International Payment Bank.

Argentine and Venezuela are expected to grow a 7.6% and 7% each while Chile will probably grow a 5.7% for 2007, Brazil a 4.2% and Mexico around a 3.0%.

Inflation will probably reach a 5% in 2007 for Latin America countries in the average and the level of inflation although expected to be of 5% could be higher, presenting a problem.

The slow down in the American Economy could present a challenge and a risk for the LA economies, the economic performance of China, Japan and Europe however could make up for our lower performance if their economies remain healthy enough.