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IMF Warns Surging Virus Threatens to Curb Latin America Rebound

  • Nations need to avoid removing stimulus too soon, fund says
  • GDP per capita seen returning to pre-pandemic levels in 2025
Alejandro Werner, director of the western hemisphere for the International Monetary Fund
Alejandro Werner, director of the western hemisphere for the International Monetary Fund

Latin America’s economic recovery faces risks from failure to stop the spread of the coronavirus and the need for new lockdown measures, according to the International Monetary Fund.

The region’s full recuperation is a long way off, IMF officials including Western Hemisphere Director Alejandro Werner wrote in a blog post published Monday. Output won’t return to pre-pandemic levels until 2023, and gross domestic product per capita until 2025, Werner said.