How is the economy in #Argentina? What are the country's plans to lead the g20 on 2018? It will be answered by minister of finance Luis Caputo on this facebook live. Don't miss it!
World Bank Chief Economist for Latin America and the Caribbean Carlos Végh said on Wednesday that after six years of growth deceleration, 2017 would constitute the first year with an increase in growth. The improvement was mainly driven by a strong recovery in Argentina and a more tepid one in Brazil. However, the region will not have the benefits of favorable external factors such as a buoyant global economy or a great demand of raw materials. This means that Latin America must boost its own growth and put its house in order - in some cases with difficult public spending and money management decisions. This was acknowledged by Végh during the presentation of the report "Between a rock and a hard place: the monetary policy dilemma in Latin America and the Caribbean”. This commodity-exporting emerging markets face a critical monetary policy dilemma each time there is an external shock, for example a sudden fall in commodity prices. How should ...