Latin America Exiting From Crisis Faster Than Expected, IMF Says

Latin America is exiting from the global financial crisis faster than anticipated, and should use the opportunity to boost fiscal savings that can slow inflation and prevent overheating, the International Monetary Fund said.

The IMF, in its World Economic Outlook published today, raised to 5.7 percent its forecast for economic growth in Latin America and the Caribbean this year. Next year, growth should slow to 4 percent. In July, the IMF forecast a regional expansion of 4.8 percent this year and 4 percent in 2011.