Latin America reverses positions with advanced economies: IMF’s Eyzaguirre

Central Banking Newsdesk
06 Oct 2011

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In comments introducing the International Monetary Fund's (IMF) latest Regional Economic Outlook for the Western Hemisphere report, the director of the IMF's Western Hemisphere department, Nicolás Eyzaguirre, said Latin America and advanced economies have reversed positions of influence.

"In the past, when the rich world had a cold, this region would catch pneumonia. Right now, the situation seems reversed: advance economies have pneumonia, but the region will likely only have a cold. Of course

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