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Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain? (英语)

After a growth slowdown that lasted six years, including a contraction of one percent of real Gross domestic product (GDP) in 2016, the Latin America and the Caribbean (LAC) region has finally turned the corner and resumed an increasing growth path. Specifically, LAC is estimated to have grown by 1.1 percent in 2017 and expected to grow by 1.8 percent in 2018 and 2.3 percent in 2019. Finally, while the long-awaited monetary policy normalization in...
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