Commodities-hungry China is pulling Brazil, Chile, and others out of recession. But Mexico and Central America, dependent on US sales, are lagging.
China has overtaken the US as largest trading partner for both Chile and Brazil. Other commodities exporters, particularly those with strong ties to China, are also rebounding, including Peru and Argentina.
The Inter-American Development Bank estimates that remittances [from US] to Latin America and the Caribbean will fall by 11 percent this year.
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