Preliminary Overview of the Economies of Latin America and the Caribbean: 2013

The book examines a regional slowdown in GDP growth, emphasizing the potential benefits of currency depreciation in several countries. It suggests that sustained depreciation could encourage investment in non-traditional tradeable sectors, diversifying beyond commodities. Additionally, the analysis highlights how this shift in investment could alleviate pressure on the current account by redirecting expenditure, ultimately fostering economic resilience and growth in the region.