The IMF estimates that the economic recovery of Latin America will be “alive” compared to other regions

The economic recovery in Latin America and the Caribbean will be “alive” compared to other regions of the world and will be called “variable speeds”, with large differences between the exporting countries and the dependents of tourism, this March the International Monetary Fund (IMF) will be suspended.

“Despatches of a strong cause in 2020 a hopeful recovery and speed cycles are expected in Latin America and the Caribbean in 2021 ”, signaled the Fund in its new information from Global Economic Perspectives (WEO, in its English Seats).

Agreed to its forecasts, Latin America will grow in 2021 to a rhythm of 4.6%, mid point at the end of the FMI’s prognosis for January.

“Mucho por hacer” in Argentina

In his analysis, the experts explain that he is hoping for this year takes part in the crime of the largest exporters in the region, such as Argentina, Brazil and Peru, which has been positively impacted by the end of global manufacturing in the second half of 2020.

Gita Gopinath, the economist jefe del Fondo, ensure that there is “much to do” for the macroeconomic establishment of Argentina, one of the countries that currently has a multilateral organization review program.

‘Argentina enfrenta retos muy importantes, you must Inflation is very high “and” it is not very clear “will evolve this indicator. For that matter, “what much needs to be done in terms of macroeconomic stabilization”, Gopinath said in the press release presentation of the IMF.

External trade in Latin America in 2020 will increase its yield since the Great Recession (2008) by 13%, over the course of 10 points less than the minimum demand due to the demand for the socio-principals of the region, especially China, in agreement with a study of the Economic Commission for Latin America and the Caribbean (Cepal).

The great economies of Latin America, Brazil, Mexico and Argentina will increase this year by 3.7%, 5%, and 5.8%, respectively, according to the IMF.

Other Latin American countries, such as Colombia, Chile and Peru, have a 5.1% increase, 6.2%, and 8.5%, respectively, according to the organization.

On the other hand, Venezuela will continue with its declining and suffer a new economic contraction, in this case 10%.

Brazil and Mexico, benefiting from the EU ESTU package

On the economics of the region, Gopinath and the deputy director of the FMI’s Department of Investigation, Petya Koeva Brooks, argued that the Brazilian and Mexican economies would be one of the “benefits benefited” from the package of tax evasion issued by the President .UU.

‘Mexico will be one of the principal beneficiaries of the 1.9 trillion dollar package of the Biden Administration“We thank Gopinath,” he said, “that Brooks also attended the press conference to confirm Brazil’s proposal.

Given the positive impact of the fiscal status assessment, Gopinath considers that Brazil’s priority should be given to the vacancy, cuyo rhythm “must be much superior to actual”.

In this respect, the IMF also advises in informing that the perspectives have the greatest opportunity “siguen depending on the trayectoria of the pandemic”.

“With some exceptions – such as Chile, Costa Rica, Mexico -, the City of the Netherlands has no sufficient vacancies to cover its populations”, the multilateral organization states in its document, which analyzes the economic perspectives of the world.

The Caribbean continues to be affected by the fall in tourism

More of the region’s major economies, The IMF revised the projections of 2021 for the Caribbean region, largely dependent on tourism, one of the most affected sectors by the coronavirus pandemic at the global level.

Asia, the Caribbean reports its prognosis for the Caribbean at 1.5 points, up to 2.4%.

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