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

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Publication Date: September 2003

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker; David Rosnick

Topic: Economics (Economic research)

Keywords: Tax revenues; National debt; Unemployment rate

Type: Report


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.