Finance & Development, December 2005

Finance & Development, December 2005
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Volume/Issue:
42/4
Series:
Finance & Development
Author(s):
International Monetary Fund. External Relations Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
December 2005
DOI:
http://dx.doi.org/10.5089/9781451954050.022
ISBN:
9781451954050
ISSN:
0145-1707
Page:
60
This paper reviews the resurgence of Latin America. The paper highlights that much of the region has witnessed a swift and robust recovery from the successive financial crises of 2001-02. Within two years, the region's economic growth reached 5.6 percent in 2004, a 24-year high. Growth rates of about 4 percent in 2005 and 3¾ percent projected for 2006 are well above historical averages. Mexico and South American countries have gained, in particular, from the surge in fuel, food, and metals prices, and have generally been able to exploit these opportunities by expanding production.
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Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
December 2005
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