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2005 Latin America Regional Forecast: How long will the good luck last? - January 2005
 Economic Outlook 

 Author:  Emmanuel Verrier-Choquette & John Price 


At 5.5%, Latin America’s GDP expansion in 2004 was the best recorded in 25 years, raising the profile of a region all but forgotten since it started falling apart in 2001. Renewed growth has been fuelled by a massive injection of foreign currency resulting from skyrocketing prices for commodities that Latin America supplies competitively. This performance demonstrates that the globally-exposed region can do well when the world economy is a benevolent one. Record commodity demand and low interest rates contributed to the startling turn-around.

 
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