Under the circumstances of global financial crisis and economic downturn of the world，LAC economies sank into the most serious recession in 2009. Most countries’ economies slumped for the first half of the year and turned upwards for the rest months，presenting a trajectory in “V” shape. In face of the impacts of global financial crisis mainly transmitted through channels of trade，remittance and tourism to affect direct and indirectly the economic performance of the whole region，LAC countries adopted anti-crisis policies in a timely manner. These countercyclical policies featured by pragmatism and equal importance given to both monetary and fiscal policies，economic and social benefits have played an important role for Latin American countries to mitigate shocks of the financial crisis and to regain economic growth. New characteristics seen in LAC economies are the following：despite of the ever increasing divergence of economic trends among countries，all of them are better prepared to combat the crisis than ever before as major macroeconomic indicators of most countries show less volatility than they did in all crisis episodes since 1982. The author forecasts that LAC countries will accelerate their economic growth in 2010 although they have to deal with challenges posed by global economic uncertainty. Further policy fine-tuning，market and industrial structure adjustment during post crisis period will determine the possibility for LAC countries to meet their economic growth goals.