UPDATE 1-U.N. body ups 2010 Latam, Brazil GDP growth view
Monday, July 26, 2010 at 02:46PM 
(Adds Eclac comments on Latam economies)
SANTIAGO July 21 (Reuters) - The economy of Latin America and the Caribbean will likely expand by 5.2 percent in 2010, up exponentially from a previous view of 4.1 percent, the United Nations economic body for Latin America said on Wednesday.
The Economic Commission for Latin America and the Caribbean, or Eclac, said the region's economy would likely grow a more moderate 3.8 percent in 2011, given lingering concerns over the health of the global economy.
The body sees the economy of Brazil, the region's biggest, soaring 7.6 percent in 2010 and 4.5 percent in 2011, while No. 2 economy Mexico is seen growing 4.1 percent this year and 3.0 percent in 2011.
Eclac lauded governments in the region for solid fiscal policy that allowed counter-cyclical spending during the global financial crisis. The United States and Europe are still struggling to recover from the downturn.
"The solid macroeconomics evident in a majority of Latin American and Caribbean countries in the years before the international crisis marked a significant change," Eclac said in a release.
"Countries took advantage of an exceptional period of economic bonanza and international finance to clean up their public accounts."
(Reporting by Felipe Iturrieta; Writing by Brad Haynes; Editing by Eric Walsh) (For a table click on [ID:nN21146139]
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