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Growth Outlook Deteriorates

Mar 4, 2009

S&P and BofA-Merrill Lynch have chopped their 2009 LatAm GDP growth forecast to 0.7%. Previously, S&P had expected the region to expand 2.1% and BofA-ML estimated 1.5%. This would be the lowest rate of average growth since 2002,...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management