As the bankers gather for the 50th anniversary IDB meeting in Colombia, those few that are allowed to travel down from New York might well see the weekend as a bit of light relief from the doom and gloom of the US.
Compared with the developed world, Latin America’s largest economy, Brazil, seems to be managing to stay afloat… for the moment anyway.
Inflation is 6% and falling, the real has held relatively steady through central bank intervention and a stockpile of $200 billion in foreign-currency reserves.
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