Western Hemisphere

Regional Economic Outlook, October 2008, Western Hemisphere: Grappling with the Global Financial Crisis

October 28, 2008

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International Monetary Fund. Western Hemisphere Dept. Regional Economic Outlook, October 2008, Western Hemisphere: Grappling with the Global Financial Crisis, (USA: International Monetary Fund, 2008) accessed March 17, 2025, https://doi.org/10.5089/9781589067592.086

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Also available in: español

Summary

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.

Subject: Commodity prices, Currencies, Food prices, Inflation, Money, National accounts, Prices, Private investment

Keywords: Asia and Pacific, Caribbean, Central America, Commodity prices, Commodity-price gain, Core inflation, Currencies, Emerging market IT country, Equity price, Europe, Firm, Firm level, Firms option, Food, Food prices, Global, Inflation, Inflation expectation, Investment decision, LAC firm, Private investment, REO, Temper inflation expectation

Publication Details

Notes

Full text also available in Spanish.

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