IMF projections may be ‘too pro-cyclical’ warns Vergara

r-vergara
Rodrigo Vergara

International Monetary Fund projections of potential output and productivity risk becoming "overly pro-cyclical", according to Central Bank of Chile president Rodrigo Vergara.

Yesterday he argued the drastic changes in South American productivity estimated by the IMF over the last few years cannot be explained by the same old structural bottlenecks the Fund has been pointing to for decades.

In a a response to the World Economic Outlook, Vegara, representing Argentina, Bolivia, Paraguay, Peru and

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: