Regional Economic Outlook, October 2009, Western Hemisphere: Crisis Averted: What's Next?

Western Hemisphere, October 21, 2009

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Regional Economic Outlook, October 2009, Western Hemisphere: Crisis Averted: What's Next?

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Bibliographic details

• Published: October 21, 2009
• Series: Western Hemisphere
• DOI: https://doi.org/10.5089/9781589068605.086

Executive summary

• 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 faces the challenge of adapting to a new global environment that will not be as favorable as in the past.
• The report explores lessons and a policy agenda emerging from the recent performance of the Latin America and Caribbean region, drawing also on the broader international experience.
• Published biannually in May and October.

Key findings

• The region experienced substantial impact from the global financial crisis and recession.
• Despite strong external shocks, the worst is over for most countries in the region.
• The region avoided a systemic crisis of its own.
• Many countries have returned to growth, but the external environment is expected to be less favorable than previously.

Policy agenda and themes explored

• Lessons from recent performance of the Latin America and Caribbean region.
• Policy implications drawing on broader international experience.
• Focus areas indicated by the subject tags: Automatic stabilizers, Commodities, Expenditure, Fiscal policy, Foreign direct investment.

Publication metadata and identifiers

• Pages: 77
• Volume: 2009
• DOI: https://doi.org/10.5089/9781589068605.086
• Issue: 012
• Series:
• Stock No: REOWHDEA2009002
• ISBN: 9781589068605
• ISSN: 2707-8086

Keywords for indexing

• commodity
• country
• IMF staff calculation
• REO
• revenue

International Monetary Fund. Regional Economic Outlook, October 2009, Western Hemisphere: Crisis Averted: What's Next? (October 21, 2009).

References

• https://www.imf.org/en/publications/reo/wh
• United States and the IMF
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• Automatic stabilizers
• Commodities
• Expenditure
• Fiscal policy
• Foreign direct investment
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