The economies of Latin America (LatAm) have fallen on hard times. After almost a decade of positive growth, the favorable external conditions are disappearing and prospects for growth seem grim. The IMF projection for 2015 is just 0.9%, the lowest growth rate since 2002, with the exception of 2009, the year of the Great Recession. […]
Weighing in on the Argentine Peso
Last Friday, Argentina saw the largest devaluation of the peso in the last 12 years, since the default in 2002 …