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How is growth shaping up in Latin America?

It was beginning to feel like somebody had turned the clock back twelve months. With the first quarter of 2012 bringing a renewed sense of calm to global markets and a rebound in activity across the region, the policy debate in Latin America had started to shift back to some familiar concerns: the strength of the region’s currencies, fears about overheating and worries over the unbalanced nature of growth in the region.

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