If Latin America gets the economic flu, could South Florida catch a cold? The regional economy is closely linked to South America. Brazil is in the second year of an economic recession. Venezuela is in an economic depression and Colombia's economy has slowed down.
Hear from four South American capitals about economic optimism despite the steep drop in copper prices in Chile and Peru, the hopefulness in Colombia after a few sluggish years and the deep depression in Venezuela.
How do the economic troubles in Latin America look here in South Florida?
Tourism
Real Estate
Retail
One place here where the world comes together is in Sunrise. Sawgrass Mills is spread over more than two and a half million square feet with 500 shops and kiosks. It is shopping on a global scale. It’s on the itinerary of foreign tourists just as the beach or the Everglades are. The stories of shoppers wheeling out suitcases full of merchandise are legendary in retailing. The President of the Mills Division of owner Simon Property Group, Gregg Goodman, said, "If you walk around the center, virtually everybody has bags. They don't necessarily have suitcases filled with bags the way they did a year ago. You would traditionally see that all the time here. But it's not stopping our traffic. It's sort of like you don't go to Disneyland without going to Space Mountain. You don't go to Sawgrass Mills without buying something."
