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Latin America

Article Abstract:

The Latin American region as a whole is expected to see economic growth rise in 1996, but the economic outlook depends mainly on governments continuing to follow a prudent monetary and fiscal policy. Peru, Chile and Colombia are forecast to enjoy strong growth in 1996, while Venezuela is expected to see a decline in real GDP following the implementation of an IMF economic adjustment programme. The Mexican economy has started to stabilise, but growth will not exceed 2% in 1996. Brazil will have to maintain a fairly tight monetary policy, while Argentina's recession may have bottomed out.

Forecasts and trends

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Latin America

Article Abstract:

Inflation should continue to drop in Latin America so long as fiscal and monetary policies are restrained. Dependence on foreign capital means that Latin America is vulnerable to changes in investor sentiment. Argentina is emerging into recovery, while Brazil is seeing slower economic growth to 3% for 1996. Colombia and Chile have seen rises in inflation above target levels, but have also recorded strong economic growth. Peru and Venezuela are both involved in International Monetary Fund programs, while Mexico is seeing progress toward economic recovery.

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Latin America

Article Abstract:

A summary and assessment of the Latin American economy in 1999 is presented along with forecasts.

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