Lower inflation in LatAm threatened by debt, says World Bank’s Vegh
Public debt for Latin American region tops 50% of GDP
High levels of debt in Latin America could “jeopardise” the efforts of central banks in the region to lower inflation, the chief economist for Latin America and the Caribbean at the World Bank says.
According to the institution’s Fiscal Adjustment in Latin America and the Caribbean: Short-Run Pain, Long-Run Gain? report, released during its annual meeting this week, 31 out of the 32 countries in the region ran an overall fiscal deficit in 2017.
Public debt for the entire region stands at 57.6%
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