LatAm Seen Moving to Low Deficit

LatAm Seen Moving to Low Deficit

Caribbean

Turbulence in the global economy may erode cushions that have been built up over the past few years in LatAm and the Caribbean, according to the IMF’s latest World Economic Outlook. “The region’s current account balance is expected to move to deficit in 2008 and 2009, after being in surplus since 2003, but the deficit will remain quite low,” says the fund. “Moreover, reserve levels are high, and flexible exchange rates provide room to maneuver in a number of countries,” it adds. The fund also no

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