Brazil has been among the world s most remarkable economic recovery stories following their currency crisis in 1998. Brazil raised interest rates to 50 percent to support its currency, the real. Instead of an expected four-point decline in the country s gross domestic product, GDP rose nearly one percent.
Balance of trade is an even more significant issue between Mexico and the United States.
Mexico s economy has been strengthened recently by increase in world oil prices but may be even more dramatically affected this year by its July 2 presidential election. Managing Director of Standard and Poor s Rating Services, Cathy Daicoff, will conclude the conference with Sovereign Ratings and the Effects on Latin American Capital Markets. Go to UVA's Top News site for other Darden news .