According to the latest estimates of International Monetary Fund, the Gross Domestic Product in Latin America will grow by 4.3% in 2011, three tenths more than expected by IMF in their half-yearly report World Economic Outlook of last October. In 2012 instead, growth should be around 4.1%, one-tenth less than the previous forecast. The most important economy of the region, that of Brazil, shall register a increase of 4.5% (four tenths higher than that of the October report) for this year, and 4.1% in 2012. The GDP of Mexico, the second largest economy of the region will grow by 4.2% (three tenths more than the data earlier) in 2011 and 4.8% in 2012. In addition, the International Monetary Fund estimates around 6.5% growth this year for emerging countries: and the figure contrasts with that for advanced countries for which the economic growth shall be at 2.5%. Overall, the Fund points out in its report that emerging markets such as Latin American will continue their growth process, thanks particularly to the pull represented by the giant Brazil: According to a recent analysis by The Economist, 2011 could be the year of when Brazil surpasses Italy in terms of Nominal GDP, coming to occupy the seventh position in the world.
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