Regional economies exceed expectations

SAO PAULO – The International Monetary Fund says Latin American economies are rebounding from the global crisis faster than the U.S. economy.

Latin American and Caribbean economies should expand 2.9 percent overall in 2010, while the IMF report says the U.S. economy will likely advance 1.5 percent next year.

The IMF report released Friday says the U.S. economy is expected to advance 1.5 percent next year.