How do you interpret this phrase: "When the United States catches a cold, Latin America sneezes"? Is there any validity to this point? Why or why not?Hint: where Brazil ranks in "world economies" today & consider USA's current economic condition
The phrase makes a highly valid point, as changes in the U.S. economy affect the economies of Latin American nations. In the Western Hemisphere, Brazil ranks second only to the United States in gross domestic product (GDP), and is one of the world's fastest-growing economies.