Here’s some good news from Latin America: Much of the region’s economy may recover sooner than expected.
Indeed, less than a month after the International Monetary Fund and other international financial institutions predicted that the region’s economy will contract for the second year in a row in 2016, and that it may remain in recession for the next two or three years, there are signs that the region may soon see the light at the end of the tunnel.
The main reason for some guarded optimism is that US interest rates will not rise significantly, and most
