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IMFSurvey Magazine: IMF Research

Construction workers in Fray Bentos, Uruguay. Latin America’s fiscal policy reaction to the global financial crisis was useful in containing output losses, says IMF study (photo: Stringer/Newscom)

Latin America’s Experience with Fiscal Policy

April 30, 2015

Latin America’s bold fiscal stimulus in 2009 cushioned the impact of the global financial crisis, but the increase in spending has proved difficult to reverse, even as growth recovered, according to a new IMF for more

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