Latin American borrowers face higher costs

Latin American borrowers face higher costs

Economy & Policy International Monetary Fund (IMF) Latin America Coronavirus

The world’s financial markets are facing tough times over the next year or so, as rising inflation and slowing economic growth increase the risk of a long period of high interest rates, a threat that may even affect the Latin American nations that have been ahead of the curve in raising monetary policy rates to curb inflation, economists at the International Monetary Fund said on Tuesday. “The worst is yet to come, and for many people 2023 will feel like a recession,” Pierre-Olivier Gourinchas,

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