Regional Economic Outlook, May 2009: Western Hemisphere

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

Author/Editor:		International Monetary Fund. Western Hemisphere Dept.
Published:	May 5, 2009
Electronic Access:		Link to Table of Contents
Electronic Access:		Free Full Text (PDF file size is 1,461KB) Use the free Adobe Acrobat Reader to view this PDF file.
Summary: 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.

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Notes:		Full text also available in Spanish.

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