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Troubled Assets: The IMF's Latest Projections for Economic Growth in the Western Hemisphere

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  • David Rosnick

Abstract

This issue brief examines the International Monetary Fund's (IMF's) economic growth projections for Latin America and the Caribbean through 2014. It finds that for some countries – most notably Venezuela and Argentina – the IMF’s projections inexplicably portend a prolonged negative impact of the current world recession, even as countries harder-hit by the downturn, such as Mexico, recover. In other cases, such as Haiti, the IMF projects a surprisingly big growth spurt.

Suggested Citation

  • David Rosnick, 2009. "Troubled Assets: The IMF's Latest Projections for Economic Growth in the Western Hemisphere," CEPR Reports and Issue Briefs 2009-16, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2009-16
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    File URL: http://www.cepr.net/documents/publications/imf-projections-2009-04.pdf
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    Cited by:

    1. Mark Weisbrot & Rebecca Ray & Jake Johnston & Jose Antonio Cordero, 2009. "IMF-Supported Macroeconomic Policies and the World Recession: A Look at Forty-One Borrowing Countries," CEPR Reports and Issue Briefs 2009-37, Center for Economic and Policy Research (CEPR).

    More about this item

    Keywords

    IMF;

    JEL classification:

    • F - International Economics
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
    • O - Economic Development, Innovation, Technological Change, and Growth
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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