Description

This was mainly due to a larger adoption of IP (Internet protocol) telephony. Continuous growth in almost all regional economies (last year was also the fifth consecutive year of uninterrupted growth for Latin America, and this trend is expected to continue in 2008) has driven considerable investments in telephony infrastructure. Many aspects of the current stage of growth will persist, including the surplus in the region's current account, improvements in terms of trade, positive primary results for fiscal accounts, decreased unemployment, greater international reserves, and reduced external debt.