## Regional Economic Outlook: Western Hemisphere - Rebuilding Strength and Flexibility, April 2012 -- Table of Contents

_Western Hemisphere, April 25, 2012_

## Source details

**Canonical URL:** [Regional Economic Outlook: Western Hemisphere - Rebuilding Strength and Flexibility, April 2012 -- Table of Contents](https://www.imf.org/en/publications/reo/wh/issues/2017/01/07/rebuilding-strength-and-flexibility)

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- [Markdown version](/en/publications/reo/wh/issues/2017/01/07/rebuilding-strength-and-flexibility/index.md)
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## Bibliographic details
- Published: April 25, 2012
- Series: Western Hemisphere

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### Executive overview and key findings
- Growth in much of Latin America remains solid, although it slowed during the second half of 2011 as result of the combined effects of policy tightening and global uncertainties.
- Under our baseline, we expect growth in Latin America and the Caribbean to moderate to about 3¾ percent in 2012, from about 4½ last year.
- For many countries, high commodity prices and easy external financing conditions will provide tailwinds; for others, weak growth in the United States and other advanced-country partners, or homegrown fiscal problems, will hold back activity.
- Three key themes elaborated:
  - The global economic environment is somewhat better than in late 2011, but remains risky as renewed tensions from Europe and the likelihood of an oil price shock cannot be discarded.
  - External conditions will remain stimulative for much of Latin America: The double tailwinds of easy external finance and high commodity prices are likely to persist for a while, though not forever.
  - This environment creates opportunities for Latin America—opportunities to build on the resilience and flexibility that has served it so well during the global crisis of 2008-09.
- Analytical expansion:
  - Features on regional spillovers, the growth effects of global financial shocks, and housing and mortgage markets in the region.

### Regional outlook structure (table of contents)
- Preface
- Executive Summary
- 1. United States, Canada, and the World: Outlook and Challenges
  - 1.1. Global Backdrop: A Quieting Storm?
  - 1.2. United States: A Stronger, But Still Sluggish Recovery
  - 1.3. Canada: Rebalancing Growth as the Fiscal Stimulus Fades
  - 1.4. Implications for Latin America and the Caribbean
- 2. Outlook and Policy Challenges for Latin America and the Caribbean
  - 2.1. Overview
  - 2.2. South America’s Financially Integrated Economies–Balancing Policies in a Stimulative yet Volatile Environment
  - 2.3. South America’s Less-Financially Integrated Commodity Exporters–Another Boom-Bust Cycle in the Making?
  - 2.4. Mexico and Central America–Enduring a Slow U.S. Recovery
  - 2.5. The Caribbean–Repairing Balance Sheets amid Continued Headwinds
- 3. The Effects of Global Financial Shocks on Output in Latin America
- 4. Spillovers from Large Neighbors in Latin America
- 5. Keeping an Eye on Housing Markets in Latin America
- References
- New Publications from the Western Hemisphere Department

### Boxes (analytical sidebars)
- 1.1. United States: Is the Labor Market Starting to Turnaround?
- 1.2. United States: Financial Exposure to Europe
- 2.1. Foreign Banks’ Exposure and Deleveraging Risks in Latin America and the Caribbean
- 2.2. The Importance of Strong Fiscal Buffers: Public Debt Under Downside Scenarios in Financially Integrated Economies
- 2.3. Can Macro Policies Mitigate Effects of Commodity Boom-Bust Cycles?
- 2.4. Competitiveness in Tourism-Intensive Caribbean Countries
- 3.1. Macroeconomic Fundamentals and Balance of Payments Pressures
- 4.1. Are Depreciations of Brazil’s Currency Harmful to its Trading Partners?
- 5.1. Colombia’s Mortgage Crisis of the Late 1990s: A Cautionary Tale

### Tables and data annexes
- 2.1. Macroprudential and Capital Flow Management Measures in the Region
- 2.2. Western Hemisphere: Selected Economic and Social Indicators, 2001–11
- 2.3. Western Hemisphere: Main Economic Indicators, April 2012
- 2.4. Western Hemisphere: Main Fiscal Indicators, April 2012
- 5.1. Data Availability on Select Financial and Housing Sector Indicators

_Regional Economic Outlook: Western Hemisphere - Rebuilding Strength and Flexibility, April 2012 -- Table of Contents_

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## References

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- [Press Release: Latin America and the Caribbean Should Rebuild Economic Resilience and Flexibility, IMF Says](https://www.imf.org/external/np/sec/pr/2012/pr12150.htm)
- [Latin America Needs to Rebuild Resilience and Flexibility](https://www.imf.org/external/pubs/ft/survey/so/2012/CAR042512A.htm)
- [Spring is in the Air in parts of Latin America](http://blog-imfdirect.imf.org/2012/04/25/spring-is-in-the-air-in-parts-of-latin-america/)
- [Western Hemisphere: Regional Economic Outlooks Archive](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx?ddlRegions=12&ddlYear=-1)
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_Source: https://www.imf.org/en/publications/reo/wh/issues/2017/01/07/rebuilding-strength-and-flexibility_