Regional Economic Outlook, April 2007, Western Hemisphere

Western Hemisphere, April 12, 2007

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Regional Economic Outlook, April 2007, Western Hemisphere

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Bibliographic details

• Published: April 12, 2007
• Series: Western Hemisphere
• DOI: https://doi.org/10.5089/9781589066427.086

Overview and central question

• The past year has been one of strong economic performance for the Western Hemisphere, notwithstanding somewhat slower growth in the United States in recent quarters.
• Central question: Can this performance be sustained, and what challenges does the region face?
• The report reviews macroeconomic prospects and risks and pays particular attention to the influence of the external environment on Latin America.
• The report addresses whether Latin America has now succeeded in breaking with its history of periodic growth reversals.

Macroeconomic prospects and risks (as described)

• Reviews macroeconomic prospects for the Western Hemisphere following a year of strong performance.
• Notes somewhat slower growth in the United States in recent quarters as a factor affecting the region.
• Emphasizes assessment of risks to sustaining recent performance (specific risk magnitudes or scenarios are not provided on this page).

Focus on Latin America and external environment

• Pays particular attention to the influence of the external environment on Latin America.
• Addresses the question of whether Latin America has now succeeded in breaking with its history of periodic growth reversals.

Subjects and keywords listed on the page

• Subject: Commodity prices, Housing prices, Prices, Production, Productivity, Public debt, Total factor productivity
• Keywords: Caribbean, Central America, Commodity prices, East Asia, Global, high-productivity scenario, Housing prices, IMF staff calculation, impulse response function, nonfuel commodity price, price, Productivity, REO, standard deviation commodity shock, Total factor productivity, variable, world growth shock

References

• https://www.imf.org/en/publications/reo/wh
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• Commodity prices
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• Total factor productivity
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