Abstract
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.
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