IMF: Latin America, Caribbean should prepare to drop stimulus

10/26/2009 | Bloomberg

The economies of countries in Latin America and the Caribbean are headed into a period of healthy growth and they should get ready to start dismantling the stimulus programs that helped them through the downturn, the International Monetary Fund said in a report. The region is projected to expand by 2.9% in 2010, on the heels of a 2.6% decline this year, the IMF said. The region is poised to experience such a strong recovery that it could trigger run-ups in the value of local currencies, the IMF said. "A few countries may soon be facing strong capital inflows, and at some point could experience stronger currencies and even overheating," the report said.

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