Economic growth in Latin America and the Caribbean, expected to moderate to 4½ percent in 2011, is still strong but the uncertain global recovery could cause growth rates in the region to fall further, said Nicolás Eyzaguirre, Director of the IMF’s Western Hemisphere Department.
“Fears of a global slowdown and waning confidence have started to weigh on the region’s financial markets. Equities and more recently currencies are taking a hard hit,” Eyzaguirre said September 23 at a press briefing during the IMF-World Bank Annual Meetings.
“Fears of a global slowdown and waning confidence have started to weigh on the region’s financial markets. Equities and more recently currencies are taking a hard hit,” Eyzaguirre said September 23 at a press briefing during the IMF-World Bank Annual Meetings.
