Economists warn Latin America faces another lost decade
Continent is “halfway to a lost decade already”, says World Bank’s Carmen Reinhart
Oil shocks, stagflation and an inability to pay foreign debts pitched Latin America into its first ‘lost decade’ in the 1980s. Economists are worried similar variables could spark a new decade of lost growth and falling quality of life for the region.
Alejandro Werner, former director of the western hemisphere department of the International Monetary Fund, said a new lost decade could span the years 2015 to 2025. Speaking at a panel discussion on March 2, he said the GDP per capita in 2025 will
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