{
  "title": "Regional Economic Outlook: Western Hemisphere - Title, May 2010 -- Table of Contents",
  "publication": "Western Hemisphere, May 4, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/reo/wh/issues/2017/01/07/regional-economic-outlook-western-hemisphere1",
  "canonical": "https://www.imf.org/en/publications/reo/wh/issues/2017/01/07/regional-economic-outlook-western-hemisphere1",
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  "summary": "A multispeed global recovery is under way, with some emerging markets in the lead and the major advanced economies growing more slowly.",
  "publishDate": "2010-05-04",
  "series": "Western Hemisphere",
  "sections": [
    {
      "heading": "Executive overview: Global and regional setting",
      "content": "- \"A multispeed global recovery is under way, with some emerging markets in the lead and the major advanced economies growing more slowly.\"\n- \"This macroeconomic setting has brought a return to easy global financial conditions and high commodity prices—a situation likely to be sustained for some time but unlikely to be permanent.\"\n- \"Against that external backdrop, the recovery in the Latin America and Caribbean region overall is advancing faster than anticipated, but moving at different speeds across countries.\"\n- Together with high commodity prices, easy external financial conditions \"represent favorable 'tailwinds' for many countries of the region, but also carry risks for policymakers to address.\""
    },
    {
      "heading": "Chapter 1 — Global, U.S., and Canadian Outlook",
      "content": "- The Global Backdrop—\"A Recovery with Uneven Speed\"\n- United States—\"Recovery Is Still Policy Driven\"\n- Canada—\"Recovery Is Getting Entrenched\"\n- \"Implications for the Latin American and Caribbean Region\""
    },
    {
      "heading": "Chapter 2 — Outlook for Latin America and the Caribbean",
      "content": "- \"Growth is Gaining Momentum\"\n- \"Different Speed of Recovery—Different Policy Challenges\"\n- Groupings and country situations:\n  - \"Financially Integrated Commodity Exporters\" — \"Bouncing Back\"; \"Policy Challenges: Managing Good Times\"; \"Further Strengthening Policy Frameworks\"\n  - \"Tourism Intensive Commodity Importers\" — \"Global Shocks Persisting\"; \"Policy Challenges: Ensuring Fiscal Sustainability amid Low Growth\"\n  - \"Other Commodity Exporters\" — \"Riding the Commodity Cycle\"; \"Policy Challenges: Avoiding the Perils of Procyclicality\"; \"Going Back to Financial Markets?\"\n  - \"Other Commodity Importers\" — \"Traveling the Middle Ground\"; \"Policy Challenges: Replenishing Buffers\"\n- \"Concluding Remarks\""
    },
    {
      "heading": "Chapter 3 — Challenges Arising from Easy External Financial Conditions",
      "content": "- Key concerns and causal chain:\n  - \"What Are the Concerns?\"\n  - \"Booming Domestic Demand . . .\"\n  - \"And Currency Appreciation . . .\"\n  - \"May Lead to Vulnerabilities . . .\"\n  - \"And Hinder Competitiveness and Possibly Growth\"\n- \"Policy Matters\"\n  - \"In the Past . . .\"\n  - \"And in the Future, when an Array of Policy Options Need to Be on the Table\""
    },
    {
      "heading": "Data and indicators included",
      "content": "- \"Western Hemisphere: Main Economic Indicators\" — English | Spanish\n- \"Latin America and the Caribbean: Main Fiscal Indicators\""
    },
    {
      "heading": "Boxes and thematic deep dives (selected)",
      "content": "- 1.1 Recent Developments in Financial Regulation Reforms\n- 1.2 Rebalancing Global Demand: What Will Take Up the Baton from the U.S. 5 Consumer?\n- 1.3 U.S. Monetary Policy: How Low for How Long?\n- 2.1 Potential Spillovers from GIPS to Latin America\n- 2.2 LAC Country Analytical Groupings\n- 2.3 Impact of the Earthquake on Haiti and the Role of the IMF\n- 2.4 The Global Crisis and Social Outcomes\n- 2.5 Capital Inflows––An Aspect of \"Good Times\"\n- 2.6 The Impact of Employment Conditions on Tourism, and Tourism on Output\n- 2.7 Fiscal Performance and Commodity Cycles: Not a Standard Amusement Ride\n- 3.1 When Are Financial Conditions \"Easy\"?\n- 3.2 Capital Inflows when External Financial Conditions Are Easy\n- 3.3 Real Appreciation and Trend Growth: An Overview on Dutch Disease and Related Concerns\n\nRegional Economic Outlook: Western Hemisphere - Title, May 2010 -- Table of Contents\n\n---\n\n Content in this bundle\n\n- Regional Economic Outlook: Western Hemisphere—May 2010\n  - Regional Economic Outlook: Western Hemisphere—May 2010 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Regional Economic Outlook: Western Hemisphere—May 2010 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Fiscaleng\n  - Fiscaleng (XLS){rel=\"external\" type=\"text/html; charset=utf-8\"}\n- Macroeng\n  - Macroeng (XLS){rel=\"external\" type=\"text/html; charset=utf-8\"}\n- Fiscalspa\n  - Fiscalspa (XLS){rel=\"external\" type=\"application/vnd.ms-excel\"}\n- Macrospa\n  - Macrospa (XLS){rel=\"external\" type=\"application/vnd.ms-excel\"}\n\n---\n\n References\n\n- Press Release\n- Regional Economic Outlooks\n- IMF Regional Reports\n- World Economic Outlook\n- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.\n- Modify your profile\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/reo/wh/issues/2017/01/07/regional-economic-outlook-western-hemisphere1"
    }
  ],
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    "[Markdown version](/en/publications/reo/wh/issues/2017/01/07/regional-economic-outlook-western-hemisphere1/index.md)",
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    "Published: May 4, 2010",
    "Series: Western Hemisphere",
    "\"A multispeed global recovery is under way, with some emerging markets in the lead and the major advanced economies growing more slowly.\"",
    "\"This macroeconomic setting has brought a return to easy global financial conditions and high commodity prices—a situation likely to be sustained for some time but unlikely to be permanent.\"",
    "\"Against that external backdrop, the recovery in the Latin America and Caribbean region overall is advancing faster than anticipated, but moving at different speeds across countries.\"",
    "Together with high commodity prices, easy external financial conditions \"represent favorable 'tailwinds' for many countries of the region, but also carry risks for policymakers to address.\"",
    "The Global Backdrop—\"A Recovery with Uneven Speed\"",
    "United States—\"Recovery Is Still Policy Driven\"",
    "Canada—\"Recovery Is Getting Entrenched\"",
    "\"Implications for the Latin American and Caribbean Region\"",
    "\"Growth is Gaining Momentum\"",
    "\"Different Speed of Recovery—Different Policy Challenges\"",
    "Groupings and country situations:",
    "\"Concluding Remarks\"",
    "Key concerns and causal chain:",
    "\"Policy Matters\"",
    "\"Western Hemisphere: Main Economic Indicators\" — English | Spanish",
    "\"Latin America and the Caribbean: Main Fiscal Indicators\"",
    "1.1 Recent Developments in Financial Regulation Reforms",
    "1.2 Rebalancing Global Demand: What Will Take Up the Baton from the U.S. 5 Consumer?",
    "1.3 U.S. Monetary Policy: How Low for How Long?",
    "2.1 Potential Spillovers from GIPS to Latin America",
    "2.2 LAC Country Analytical Groupings",
    "2.3 Impact of the Earthquake on Haiti and the Role of the IMF",
    "2.4 The Global Crisis and Social Outcomes",
    "2.5 Capital Inflows––An Aspect of \"Good Times\"",
    "2.6 The Impact of Employment Conditions on Tourism, and Tourism on Output",
    "2.7 Fiscal Performance and Commodity Cycles: Not a Standard Amusement Ride",
    "3.1 When Are Financial Conditions \"Easy\"?",
    "3.2 Capital Inflows when External Financial Conditions Are Easy",
    "3.3 Real Appreciation and Trend Growth: An Overview on Dutch Disease and Related Concerns",
    "**Regional Economic Outlook: Western Hemisphere—May 2010**",
    "**Fiscaleng**",
    "**Macroeng**",
    "**Fiscalspa**",
    "**Macrospa**",
    "[Press Release](https://www.imf.org/external/np/sec/pr/2010/pr10178.htm)",
    "[Regional Economic Outlooks](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx)",
    "[IMF Regional Reports](https://www.imf.org/external/pubs/cat/region.asp)",
    "[World Economic Outlook](https://www.imf.org/external/pubs/ft/weo/2010/01/)",
    "[Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index)",
    "[Modify your profile](https://www.imf.org/en/email-subscription/login)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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