Latin America’s economies: Grey days

UK Only Article: 
standard article

Issue: 

Eradicating disease

Fly Title: 

Latin America’s economies

Rubric: 

A slow road to recovery

Location: 

LIMA

Main image: 

It used to gallop

It used to gallop

IN 2012, when Latin America was enjoying a burst of rapid economic growth and social progress, the IMF and World Bank decided to hold this year’s annual meeting in the region—something they had not done since 1967. They chose Lima, the capital of Peru, one of the region’s economic stars. Such decisions are always hostage to fortune, which in this case has been cruel.
Over the past few months most of Latin America’s currencies and stockmarkets have suffered a battering. The IMF now expects the region’s economy to contract slightly this year (see chart). With emerging markets in general heading downwards, and the world economy poised uncertainly between China’s slowdown and an impending rise in interest rates in America, the mood of many …
Source: The Economy