Summary
It seems after the international financial crisis the IMF has changed its vision for some Latin American countries.
Analysis
"Although Latin America is not immune to the effects of the global economic crisis, the region is likely to suffer a smaller output decline and recover sooner than the advanced economies because Latin American countries in the main have run sound fiscal and financial policies, the director of the IMF’s Western Hemisphere Department said."
The IMF for a long time has given little attention to the strongest economies in Latin America, but now says that these will recover faster than developed countries.
In fact, we are seeing signs of governments in region, to leave behind the crisis, and on the contrary seek the benefits this has ceased in developed countries.
For example Brazil government has announced big projects to the construction sector.
By the other hand, many European companies has started to understand the real potential to startup new business in Latin America.
Latin America’s GDP will fall about 1.5 percent in 2009 and grow by the same amount next year, according to the IMF’s World Economic Outlook released April 22. By contrast, advanced economies will experience a 3.8 percent decline in GDP this year and no growth at all in 2010, according to IMF estimates.
This estimates absolutely has generated a new focus on Latin America region from foreign companies who should understand the new world business context.
