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Last updated: February 19. 2013 9:35PM - 71 Views

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(AP) The UN's economic body for Latin America and the Caribbean says the region will see strong economic growth in 2013 despite Europe's fiscal woes and a struggling U.S. economy.


The ECLAC expects the region to expand by 3.8 percent in 2013, mainly due to a recovery of Argentina and Brazil and higher internal demand in several nations.


The estimate is slightly lower than ECLAC's previous forecast of 4 percent.


ECLAC expects the region to close 2012 with a 3.1 percent growth. That is higher than expected numbers for world expansion of 2.2 percent but lower than the region's 4.3 percent growth last year.


Associated Press
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