Latin America: a time of transition

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The latest edition of the IMF’s Finance & Development is out – with a heavy focus on Latin America. Also see ECLAC’s just released Preliminary Overview of the Economies of Latin America and the Caribbean 2005:

For 2006, forecasts point to ongoing economic growth, at a rate of 4.1% for Latin America and the Caribbean... Although this trend is promising, the region continues to grow less than developing countries overall. Their output is expected to rise 5.7% on average between 2003 and 2006. Although investment has recovered, it remains below 1998 levels. Higher growth rates, which are essential to reduce unemployment more quickly, require an increase of several points in the investment rate.

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