Regional Economic Outlook: Western Hemisphere

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Regional Economic Outlook: Western Hemisphere by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook: Western Hemisphere written by International Monetary Fund. Western Hemisphere Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2022-11-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent developments in the Western Hemisphere—that is, the United States/Canada and Latin America and the Caribbean (LAC)—have been dominated by the impact of two distinct global shocks: the COVID-19 pandemic and then the Russian invasion of Ukraine. A third shock—the tightening of financial conditions—is now shaping the outlook. After contracting sharply in 2020, most of the Western Hemisphere’ economies recovered strongly in 2021 and early 2022, helped by the global recovery, the normalization of service sectors, and booming commodity prices. However, inflation pressures built up with pandemic-related disruptions, expansionary policies, rebounding demand, and the impact of the war in Ukraine on energy and food prices. The swift response of LAC’s monetary authorities to rising inflation—well ahead of other economies—helped contain price pressures and keep long-term inflation expectations anchored, but inflation remains high. Amid global monetary and financial tightening, and the ensuing slowdown in global growth and softening of commodity prices, activity is expected to decelerate throughout the Western Hemisphere in late 2022 and 2023, while inflation pressures are expected to recede gradually. Downside risks dominate the outlook and stem from tighter financial conditions, a more pronounced global slowdown, and entrenched inflation. For LAC, a sharp fall in commodity prices and social unrest are important risks. With inflation yet to abate and most economies still operating at or near potential, monetary policy should avoid easing prematurely and must stay the course. Clear communication of policy intentions will be key to reducing uncertainty and keeping inflation expectations anchored. Fiscal support deployed to mitigate the impact of inflation on the most vulnerable should be accompanied by compensating measures, where fiscal space does not exist, but also support monetary authorities’ efforts to tame inflation. Given rising financing costs, strengthening fiscal frameworks and advancing with inclusive fiscal consolidation—that protects key social objectives—will be essential to credibly putting public debt on a firm downward path while ensuring social stability. Boosting LAC’s medium-term growth requires raising productivity and good-quality public and private investment. Supply-side policies should focus on strengthening human capital, simplifying and modernizing labor regulations, and lifting barriers to firm entry and exit.

Regional Economic Outlook

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (772 download)

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Download or read book Regional Economic Outlook written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regional Economic Outlook, Western Hemisphere, October 2023

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Regional Economic Outlook, Western Hemisphere, October 2023 by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, Western Hemisphere, October 2023 written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2023-10-13 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a stronger-than-expected recovery from the pandemic and continued resilience in early 2023, economic growth in Latin America and the Caribbean (LAC) is softening as the effect of tighter policies to combat inflation is taking hold and the external environment is weakening. The early and swift monetary tightening across the region since 2021, together with the withdrawal of most of the pandemic fiscal stimulus and the reversal of external price pressures, have helped put headline inflation on a downward trajectory. Core inflation has also started to ease, as price pressures are becoming less generalized, although it remains elevated amid strong labor markets and positive output gaps in some countries. Banking systems have weathered the rise in interest rates well and are generally healthy, though credit to the private sector is decelerating amid tighter supply conditions and weaker demand.

Regional Economic Outlook, October 2019, Western Hemisphere Department

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Publisher : International Monetary Fund
ISBN 13 : 1513515500
Total Pages : 35 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Regional Economic Outlook, October 2019, Western Hemisphere Department by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, October 2019, Western Hemisphere Department written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2019-10-28 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional Economic Outlook, October 2019, Western Hemisphere Department

Regional Economic Outlook

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ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (68 download)

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Download or read book Regional Economic Outlook written by and published by . This book was released on 2010 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regional Economic Outlook, October 2021, Western Hemisphere: A Long Winding Road to Recovery

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151359396X
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Regional Economic Outlook, October 2021, Western Hemisphere: A Long Winding Road to Recovery by : International Monetary

Download or read book Regional Economic Outlook, October 2021, Western Hemisphere: A Long Winding Road to Recovery written by International Monetary and published by International Monetary Fund. This book was released on 2021-10-21 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: An economic recovery is underway in Latin America and the Caribbean (LAC) but the pandemic still casts shadows on much of the region. The recovery was robust in the first quarter of 2021 but lost momentum in some countries in the second quarter, reflecting the rebound in COVID-19 cases. Real GDP is projected to grow by 6.3 percent in 2021, followed by a more moderate growth of 3 percent in 2022, but would not catch up with pre-pandemic trends in the medium term as persistent weakness in labor markets raises risks of scarring. Broadly favorable external conditions, high commodity prices, and pent-up demand support short-term growth, while monetary and fiscal policy reversals work in the other direction. Risks to the outlook are tilted downward. Main downside risks are the emergence of more transmissible and deadlier COVID-19 variants, tightening of global financial conditions, sovereign debt rollover risks, and social unrest as a year with heavy election schedule looms. Fiscal policy should allocate sufficient resources for health spending, including vaccination, and continue to support households and firms in a more targeted fashion while the pandemic persists, backed by credible assurances of medium-term debt sustainability to maintain access to finance. Monetary policy has started to address inflationary pressures but should continue to support economic activity insofar as the dynamics of inflation expectations permit. If rising inflation threatens to de-anchor inflation expectations, central banks should tighten monetary policy to signal a commitment to inflation targets and avoid persistent increases in inflation. Preemptive and decisive action should be accompanied with clear and transparent communication. Financial policy should shift from blanket support to targeted support of viable firms, to ensure that necessary labor and capital reallocations are not hindered. Supply-side policies should foster inclusive growth, including through progressive and growth-friendly tax reforms and measures to intensify climate change adaptation and mitigation.

Regional Economic Outlook, October 2015: Western Hemisphere Department

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Publisher : International Monetary Fund
ISBN 13 : 1513575201
Total Pages : 108 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Regional Economic Outlook, October 2015: Western Hemisphere Department by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, October 2015: Western Hemisphere Department written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-10-07 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economies in the Western Hemisphere are generally seeing a slowdown in growth. The U.S. economy regained momentum after a slow start at the beginning of the year, while in Latin America and the Caribbean economic activity continues to decelerate. Stronger U.S. growth should benefit countries in the region, especially those with tighter links through trade, remittances, and tourism (Mexico, Central America, and the Caribbean). Weaker commodity prices for the foreseeable future, however, will continue to hurt South America's net commodity exporters, lowering national incomes, reducing investment, and worsening fiscal balances. These developments could, in turn, impede progress made in recent years in poverty reduction. These developments could, in turn, impede progress made in recent years in poverty reduction. Key risks, including an abrupt tightening of U.S. interest rates or a further slowdown in China, may disproportionately affect Latin America. Chapters in this report examine monetary policy in Latin America, including the region’s exposure to global financial shocks; the role of value chains and regional trade agreements in fostering trade integration; and financial market development in the region.

Regional Economic Outlook, May 2014, Western Hemisphere

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Publisher : International Monetary Fund
ISBN 13 : 1484360117
Total Pages : 82 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Regional Economic Outlook, May 2014, Western Hemisphere by : International Monetary Fund

Download or read book Regional Economic Outlook, May 2014, Western Hemisphere written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-04-24 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for specific countries. The reports include key data for countries in the region. Each report focuses on policy developments that have affected economic performance in the region, and discusses key challenges faced by policymakers. The near-term outlook, key risks, and their related policy challenges are analyzed throughout the reports, and current issues are explored, such as when and how to withdraw public interventions in financial systems globally while maintaining a still-fragile economic recovery.These indispensable surveys are the product of comprehensive intradepartmental reviews of economic developments that draw primarily on information the IMF staff gathers through consultation with member countries.

Regional Economic Outlook, April 2012, Western Hemisphere

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Publisher : International Monetary Fund
ISBN 13 : 1616352531
Total Pages : 71 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Regional Economic Outlook, April 2012, Western Hemisphere by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, April 2012, Western Hemisphere written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2012-04-25 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in much of Latin America remains solid, although it slowed during the second half of 2011 as result of the combined effects of policy tightening and global uncertainties. Under our baseline, we expect growth in Latin America and the Caribbean to moderate to about 33⁄4 percent in 2012, from about 41⁄2 last year. For many countries, high commodity prices and easy external financing conditions will provide tailwinds. For others, weak growth in the United States and other advanced-country partners, or homegrown fiscal problems, will hold back activity. This edition of the Regional Economic Outlook: Western Hemisphere elaborates on three key themes. First, the global economic environment is somewhat better than in late 2011, but remains risky as renewed tensions from Europe and the likelihood of an oil price shock cannot be discarded. Second, external conditions will remain stimulative for much of Latin America: The double tailwinds of easy external finance and high commodity prices are likely to persist for a while, though not forever. And third, this environment creates opportunities for Latin America-opportunities to build on the resilience and flexibility that has served it so well during the global crisis of 2008-09. This edition also expands on these themes through analytical features on regional spillovers, the growth effects of global financial shocks, and housing and mortgage markets in the region.

Regional Economic Outlook

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Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.:/5 (19 download)

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Book Synopsis Regional Economic Outlook by : International Monetary Fund

Download or read book Regional Economic Outlook written by International Monetary Fund and published by . This book was released on 2007 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regional Economic Outlook, April 2016, Western Hemisphere Department

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Publisher : International Monetary Fund
ISBN 13 : 1498329993
Total Pages : 126 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Regional Economic Outlook, April 2016, Western Hemisphere Department by : Mr.Hamid Faruqee

Download or read book Regional Economic Outlook, April 2016, Western Hemisphere Department written by Mr.Hamid Faruqee and published by International Monetary Fund. This book was released on 2016-04-27 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States has seen an improvement in economic activity, driven by consumption, and has taken a first step toward gradual normalization of interest rates. The U.S. recovery continues to support activity in Mexico, Central America, and the Caribbean, but China’s slowdown has reduced the demand for exports from South America. At the same time, the region’s commodity exporters have experienced further terms-of-trade shocks as commodity prices continue their decline globally. This report describes the policies and economic reforms needed to address the declining productive capacity in Latin America and the Caribbean. Three chapters assess corporate vulnerabilities in Latin America, analyze the degree of exchange rate pass-through in the region, and evaluate trends in public and private infrastructure investment.

Regional Economic Outlook, April 2018, Western Hemisphere Department

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Publisher : International Monetary Fund
ISBN 13 : 148435477X
Total Pages : 138 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Regional Economic Outlook, April 2018, Western Hemisphere Department by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, April 2018, Western Hemisphere Department written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-05-11 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018–19 have improved across all regions, reinforced by the expected positive near-term spillovers from tax policy changes in the United States. Accommodative global financial conditions, despite some tightening and market volatility in early February 2018, have been providing support to economic recovery. Higher commodity prices are contributing to an improved outlook for commodity exporters. The US and Canadian economies posted solid gains in 2017 and are expected to grow above potential in the near term. Despite the improved near-term outlook, however, medium-term prospects are tilted downwards. Growth prospects for advanced economies are subdued and many emerging market and developing economies are projected to grow in per capita terms more slowly than advanced economies, raising concerns about income convergence. While risks appear broadly balanced in the near term, they skew to the downside over the medium term, including a possible sharp tightening of financial conditions, waning popular support for global economic integration, growing trade tensions and risks of a shift toward protectionist policies, and geopolitical strains.

Regional Economic Outlook, October 2018, Western Hemisphere Department

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Author :
Publisher : International Monetary Fund
ISBN 13 : 148437536X
Total Pages : 32 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Regional Economic Outlook, October 2018, Western Hemisphere Department by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, October 2018, Western Hemisphere Department written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-10-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amid escalating trade tensions, tighter financial conditions, and volatile commodity markets, economic recovery in Latin America and the Caribbean has both moderated and become more uneven.

Regional Economic Outlook, April 2015: Western Hemisphere Department

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498312128
Total Pages : 98 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Regional Economic Outlook, April 2015: Western Hemisphere Department by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, April 2015: Western Hemisphere Department written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-04-29 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic outlook for Latin America and the Caribbean remains very challenging. Regional growth is projected to decline for a fifth consecutive year in 2015, dipping below 1 percent. Weakness is concentrated among South America's commodity exporters, where falling global commodity prices have compounded country-specific challenges. Meanwhile, growth is projected to be steady or stronger for most of the Caribbean, Central America, and Mexico, supported by lower oil bills for importers and robust economic recovery in the United States. The analysis in this report examines core challenges facing the region: the impact of lower commodity prices on fiscal and external positions, the drivers of the slowdown in investment, and the role of economic diversification for longer-term growth prospects.

Regional Economic Outlook

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Publisher :
ISBN 13 : 9781451931914
Total Pages : pages
Book Rating : 4.9/5 (319 download)

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Book Synopsis Regional Economic Outlook by : International Monetary Fund. Western Hemisphere Dept. Staff

Download or read book Regional Economic Outlook written by International Monetary Fund. Western Hemisphere Dept. Staff and published by . This book was released on 2007-05-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for specific countries. The reports include key data for countries in the region. Each report focuses on policy developments that have affected economic performance in the region, and discusses key challenges faced by policymakers. The near-term outlook, key risks, and their related policy challenges are analyzed throughout the reports, and current issues are explored, such as when and how to withdraw public interventions in financial systems globally while maintaining a still-fragile economic recovery.These indispensable surveys are the product of comprehensive intradepartmental reviews of economic developments that draw primarily on information the IMF staff gathers through consultation with member countries.

Regional Economic Outlook, April 2018, Western Hemisphere Department

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484339878
Total Pages : 134 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Regional Economic Outlook, April 2018, Western Hemisphere Department by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, April 2018, Western Hemisphere Department written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-05-11 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018–19 have improved across all regions, reinforced by the expected positive near-term spillovers from tax policy changes in the United States. Accommodative global financial conditions, despite some tightening and market volatility in early February 2018, have been providing support to economic recovery. Higher commodity prices are contributing to an improved outlook for commodity exporters. The US and Canadian economies posted solid gains in 2017 and are expected to grow above potential in the near term. Despite the improved near-term outlook, however, medium-term prospects are tilted downwards. Growth prospects for advanced economies are subdued and many emerging market and developing economies are projected to grow in per capita terms more slowly than advanced economies, raising concerns about income convergence. While risks appear broadly balanced in the near term, they skew to the downside over the medium term, including a possible sharp tightening of financial conditions, waning popular support for global economic integration, growing trade tensions and risks of a shift toward protectionist policies, and geopolitical strains.

Regional Economic Outlook, October 2009, Western Hemisphere

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781589068605
Total Pages : 0 pages
Book Rating : 4.0/5 (686 download)

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Book Synopsis Regional Economic Outlook, October 2009, Western Hemisphere by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, October 2009, Western Hemisphere written by International Monetary Fund. Western Hemisphere Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-10-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of the global financial crisis and recession on the Latin America and Caribbean region was substantial, but the worst is over for most countries. The region avoided falling into a crisis of its own, performing relatively well amid strong external shocks. Many countries have now returned to growth. The region now faces the challenge of adapting to a new global environment that will not be as favorable as in the past. The latest edition of the report explores the lessons and policy agenda emerging from the recent performance of the Latin America and Caribbean region, drawing also on the broader international experience. Published biannually in May and October.