Regional Economic Outlook: Western Hemisphere, October 2008
Business & Finance, Economics, International Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
| Author: | International Monetary Fund. Western Hemisphere Dept. | ISBN: | 9781451993585 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | October 28, 2008 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | International Monetary Fund. Western Hemisphere Dept. |
| ISBN: | 9781451993585 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | October 28, 2008 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
The ongoing global turmoil represents a confluence of negative shocks for Latin America and the Caribbean: a freeze in global credit markets, weaker external demand, and lower commodity prices. But the region is expected to deal with these global shocks better than in previous crises, reflecting progress made in improving macroeconomic fundamentals over the past decade. Still, there are a number of downside risks going forward. Against this uncertain background, the report discusses the implications of the global financial crisis for the regional outlook and the corresponding challenges facing policymakers.
The ongoing global turmoil represents a confluence of negative shocks for Latin America and the Caribbean: a freeze in global credit markets, weaker external demand, and lower commodity prices. But the region is expected to deal with these global shocks better than in previous crises, reflecting progress made in improving macroeconomic fundamentals over the past decade. Still, there are a number of downside risks going forward. Against this uncertain background, the report discusses the implications of the global financial crisis for the regional outlook and the corresponding challenges facing policymakers.
