Latin America will not fulfil its growth potential in the coming decade because of continued complacency about the need for economic reforms, according to some senior Latin American finance professionals. “A good result for Latin America is that it grows at 4% [per annum] for the next decade. And that is pretty low,” says Miguel Savastano, deputy director of the western hemisphere department at the IMF. “If you think Latin America could grow at 7% a year, you are dreaming, but if you were in Asia you wouldn’t be dreaming.
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