Commodities Rally Boosted Latin America Growth Outlook, IIF Says
- Institute revises up 2022 growth estimate to around 3%
- Latin American central bankers were proactive: IIE economist
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Latin American economic growth will be faster than previously expected due to higher commodity prices and stronger recoveries in Mexico and Brazil, according to the Institute for International Finance.
The institute is revising up this year’s growth estimates for the region to around 3% from 2%, said Martin Castellano, head of Latin American research at the Institute for International Finance.