Western Hemisphere Region

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2012

October 12, 2012

Regional Economic Outlook Update: Western Hemisphere Hemisphere Department

Description: IMF Regional Economic Outlook Update: Western Hemisphere Department

April 25, 2012

Regional Economic Outlook: Western Hemisphere - Rebuilding Strength and Flexibility, April 2012 -- Table of Contents

Description: IMF Regional Economic Outlook: Western Hemisphere - April 2012 -- Table of Contents

2011

October 5, 2011

Regional Economic Outlook: Western Hemisphere - Shifting Winds, New Policy Challenges, October 2011 -- Table of Contents

Description: IMF Regional Economic Outlook: Western Hemisphere - October 2011 -- Table of Contents

April 1, 2011

Regional Economic Outlook: Western Hemisphere - Watching Out for Overheating, May 2011 -- Table of Contents

Description: The IMF's Regional Economic Outlook: Western Hemisphere provides in-depth coverage of recent economic developments in the region, and country-specific analyses of risks from inflation, economic overheating, rising commodity prices, and rapid credit growth, as well as prospects for the private sector, trade, and public spending.

2010

May 4, 2010

Regional Economic Outlook: Western Hemisphere - Title, May 2010 -- Table of Contents

Description: A multispeed global recovery is under way, with some emerging markets in the lead and the major advanced economies growing more slowly. This macroeconomic setting has brought a return to easy global financial conditions and high commodity prices—a situation likely to be sustained for some time but unlikely to be permanent. Against that external backdrop, the recovery in the Latin America and Caribbean region overall is advancing faster than anticipated, but moving at different speeds across countries. The report discusses the varying policy challenges that different countries face as the global recovery proceeds. Chapter 1 analyzes the global setting and the outlook for the United States and Canada in particular, while Chapter 2 focuses on the outlook for Latin America and the Caribbean. Chapter 3 looks in depth at the challenges arising from the return of easy external financial conditions. Together with high commodity prices, such conditions represent favorable “tailwinds” for many countries of the region, but also carry risks for policymakers to address.

2009

October 21, 2009

Regional Economic Outlook: Western Hemisphere - Stronger Fundamentals Pay Off, May 2009 -- Table of Contents

Description: 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 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.

May 6, 2009

Regional Economic Outlook: Western Hemisphere - Stronger Fundamentals Pay Off, May 2009 -- Table of Contents

Description: The global crisis that began in advanced economies has sent severe shocks around the world, posing a test to the economies of Latin America and the Caribbean. The good news is that during this decade the region has made itself more resilient to external shocks, by strengthening policy frameworks and reducing vulnerabilities in its public finances and financial systems. These preparations, the report shows, mean that countries are now more able to respond to the external crisis, many for the first time, with active policies to boost output and employment and protect the most vulnerable groups. This will help contain the damage from the global crisis and speed up the region’s recovery.

2008

October 22, 2008

Regional Economic Outlook: Western Hemisphere, October 2008 -- Table of Contents

Description: 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.

April 11, 2008

Regional Economic Outlook: Western Hemisphere, April 2008 -- Table of Contents

Description: The main focus of this report is the outlook for the region in the face of the downturn now projected for the U.S. economy and the continuing risks that affect the global outlook. Overall the region is better placed than in the past to navigate the current financial turbulence, given reduced vulnerabilities and stronger policy frameworks. Nonetheless, the report points to risks that the global financial stress could curtail capital flows to the region and world commodity prices could fall more than expected. There are also risks arising from rising inflation and rapid private credit growth in a number of countries. The report then explores the policy options facing governments in the region, underscoring the need to preserve the gains of recent years.

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