January 18, 2018
Thursday, January 30, 2014

Latin America better prepared to weather turmoil, IMF says

International Monetary Fund HQ.
International Monetary Fund HQ.
International Monetary Fund HQ.

Latin America as a whole is better prepared to deal with global market turbulence than it used to be but it is important that the region stay alert, the International Monetary Fund said today.

Alejandro Werner, the IMF's director for the Western Hemisphere Department, added in a press conference that he did not see any external factors that could boost growth in Latin American countries from current levels in 2014.

Werner said the impact of weaker currencies on consumer prices in the region is lower now than it was 20 years ago.

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Tags:  IMF  economy  Latin America  markets  

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