Asia may be a major global engine of growth, but Latin America is set to be the new economic powerhouse in 2011.

Last Modified: 01 Jan 2011 06:39 GMT
Courtesy Of "Al-Jazeera"

Economists say that emerging markets could be the key to financial recovery in 2011.

And according to a new report, Latin American countries are tipped to be the major players.

Al Jazeera's John Terrett reports.