Regional Economic Reports

These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in the regions, and discuss key challenges faced by policymakers. They address regional policy developments and challenges, and provide country-specific data and analysis, including through analytical pieces on issues of interest to a particular region.

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May 2017

Regional Economic Outlook: Tale of Two Adjustments

Series: Western Hemisphere Region

Date: May 19, 2017

A Broadening Recovery

Series: Central, Eastern, and Southeastern Europe

Date: May 11, 2017

Description: Growth has broadened across Central, Eastern, and Southeastern Europe (CESEE). Outside the Commonwealth of Independent States (CIS) and Turkey, growth has remained strong, driven by accommodative policies. Meanwhile, Russia and the rest of the CIS are finally on the road to recovery, with firming oil prices lifting activity. Growth in Turkey has rebounded partially after dropping sharply in the wake of elevated political uncertainty.

Regional Economic Outlook: Sub-Saharan Africa

Series: Sub-Saharan Africa

Date: May 9, 2017

Description: Growth momentum in sub-Saharan Africa remains fragile, marking a break from the rapid expansion witnessed since the turn of the millennium. 2016 was a difficult year for many countries, with regional growth dipping to 1.4 percent—the lowest level of growth in more than two decades. Most oil exporters were in recession, and conditions in other resource-intensive countries remained difficult. Other nonresource-intensive countries however, continued to grow robustly. A modest recovery in growth of about 2.6 percent is expected in 2017, but this falls short of past trends and is too low to put sub-Saharan Africa back on a path of rising living standards. While sub-Saharan Africa remains a region with tremendous growth potential, the deterioration in the overall outlook partly reflects insufficient policy adjustment. In that context, and to reap this potential, strong and sound domestic policy measures are needed to restart the growth engine.

Regional Economic Outlook: Asia Pacific

Series: Asia and Pacific Region

Date: May 9, 2017

April 2017

November 2016

Regional Economic Issues (REI): Central, Eastern, and Southeastern Europe: Effective Government for Stronger Growth, November 2016

Series: Central, Eastern, and Southeastern Europe

Date: November 1, 2016

Description: Economic growth remains solid in much of Central, Eastern and Southeastern Europe (CESEE). Outside the Commonwealth of Independent States (CIS), growth has continued at a good pace on the back of accommodative macroeconomic policies as well as buoyant consumption supported by strong real wage and employment growth. In Russia, the pace of economic contraction has moderated, as the economy appears to have adjusted to lower oil prices and the sanctions shock. Other CIS economies are gradually exiting from recessions on improved external demand. For the region as a whole, GDP growth is projected to reach 1.3 percent in 2016 and 2.1 percent in 2017, largely reflecting the improved outlook in the CIS.

October 2016

Middle East and Central Asia

Series: Middle East and Central Asia

Date: October 31, 2016

IMF Regional Economic Outlook: Sub-Saharan Africa, October 2016

Series: Sub-Saharan Africa

Date: October 25, 2016

Description: These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in the regions, and discuss key challenges faced by policymakers. They address regional policy developments and challenges, and provide country-specific data and analysis, including through analytical pieces on issues of interest to a particular region.

Regional Economic Outlook (REO) Update: Western Hemisphere - Latin America and the Caribbean: Are Chills Here to Stay?, October 2016

Series: Western Hemisphere Region

Date: October 7, 2016

Description: Economic activity in Latin America and the Caribbean is expected to bottom out in 2016, before making a modest recovery next year. While weak external demand and persistently low commodity prices continue to weigh on the regional outlook, domestic developments have been the key driver of growth outcomes in some stressed economies. GDP is expected to contract by 0.6 percent in 2016 before recovering to 1.6 percent growth in 2017. Recurrent growth disappointments point to lower potential growth, underscoring the need for structural reforms to boost productive capacity, but these will take time to bear fruit. Exchange rate flexibility has served the region well and, with shifting global trends, should continue to serve as the first line of defense against adverse shocks. In many cases, the need for a contractionary monetary policy stance is no longer evident, with inflation and inflation expectations returning to target levels. With risks still on the downside, countries should use the improved global financial environment to rebuild their fiscal buffers while preserving critical capital expenditures and social outlays. Uncertainty concerning the duration of easy global financial conditions poses risks for the region, while financial and corporate sector vulnerabilities bear closer monitoring.

May 2016

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