LatAm at Risk of Overheating, says IMF

LatAm at Risk of Overheating, says IMF

Economy & Policy

Monetary and fiscal policy stimulus may need to be reduced in LatAm in order to combat risk the region will overheat, says the IMF in a report. It adds that although GDP is expected to grow an average of 4.75% in the region in 2011 and 4.00% over the next 2 years, inflation is rising, current account deficits are widening and in some countries asset prices are growing quickly. Economic performance in 2011 is expected to equalize throughout the region, but South America’s commodity exporters will

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