REPORT Globalization and TradeLatin America and the Caribbean

Too Sunny In Latin America? The IMF’s Overly Optimistic Growth Projections and Their Consequences


September 2003, Dean Baker and David Rosnick

This paper examines the track record of the IMF’s growth projections for Latin America over the last two decades and its implication for policy. It finds that these projections are biased upward and suggests that policy makers adjust for this bias when making projections.

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