Latin America: The year of reckoning by Ramón Aracena, Martín Castellano, María Paola Figueroa and Julia Smearman published by IIF (3/2015). “Latin America’s output forecast to contract marginally in 2015, reflecting the end of the commodity bonanza, rising external borrowing cost, but most of all policy shortcomings in key countries. Brazil, Argentina and Venezuela (60% of regional GDP) will be a heavy drag on Latin America’s growth performance…”
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