"The mistakes the U.S. has made in Latin America-and the high price it will pay for them Washington has long told Latin American countries how to run their economies: bring in multinationals, eliminate the social safety net, keep government debt low, court U.S. politicians, and sign free trade...

During the first half of the year global growth remained sluggish. While activity in emerging economies stabilized, growth in advanced economies softened. Over the next two years, we expect the world economy to pick up pace gradually, although without turning into a strong synchronized global...