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IMF Forecasts Sharper Regional Deceleration

Oct 9, 2008

Growth in the LatAm and Caribbean region will slow more than previously expected, according to the IMF’s latest World Economic Outlook, which cuts the global growth outlook to 3%. Regional GDP growth is projected to drop to 4.50% in 2008 from 5.50% in 2007, falling again to 3.25% in 2009. Argentina and...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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