The IMF has published its World Economic Outlook (October 2009).
It is forecasting a contraction of -2.5 % for Latin America (on average), and a recovery of 2.9 % in 2010.
The only two countries forecast to show growth in 2009 are Peru (+1.5 %) and Uruguay (0.6 %).
On the other hand, Mexico will fall by -7.3 % (and that might be an underestimation.
Argentina will contract by -2.5 %, and Venezuela by -2.0 %. Although these, again, could be underestimates.
"Especially significant export revenue losses were experienced by the energy-intensive economies of Bolivia, Ecuador, and Trinidad and Tobago".