Western Hemisphere Region

Regional Economic Outlook, October 2010, Western Hemisphere: Heating Up in the South, Cooler in the North

Publication Date:

October 19, 2010

Summary:

Heating Up in the South, Cooler in the North broadly describes the economic scene for the Western Hemisphere. The report emphasizes how a mixed environment--with slow recovery in the United States and other advanced economies, but strength in Asia--differently shapes the outlooks for the diverse economies of Latin America and the Caribbean. This issue also focuses on financial issues in Latin America, with a chapter on the challenges of allowing credit to expand safely, without creating excessive risks, and a chapter that looks at macroprudential financial policies--topics especially important in today's context of low global interest rates and capital flows to emerging economies. The final chapter turns to Caribbean economies, exploring the drivers, and obstacles, that affect their growth.

Series:

Western Hemisphere Region

Subject:

Bank credit Banking Credit Economic sectors Financial sector policy and analysis Monetary policy Money Reserve requirements Systemic risk Tourism