{
  "title": "Regional Economic Outlook: Western Hemisphere Hemisphere Department",
  "publication": "Western Hemisphere, April 24, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/reo/wh/issues/2017/01/07/rising-challenges",
  "canonical": "https://www.imf.org/en/publications/reo/wh/issues/2017/01/07/rising-challenges",
  "overlayPath": "/en/publications/reo/wh/issues/2017/01/07/rising-challenges/index.md",
  "summary": "IMF Regional Economic Outlook: Western Hemisphere Department",
  "sections": [
    {
      "heading": "Key findings and outlook",
      "content": "- Growth across Latin America and the Caribbean is expected to remain subdued at 2½ percent in 2014.\n- The firming recovery in the advanced economies will support export activity.\n- Positive impulses from advanced-economy recovery are likely to be offset in many countries by:\n  - the impact of lower commodity prices,\n  - tighter external financing conditions,\n  - domestic supply bottlenecks."
    },
    {
      "heading": "Downside risks",
      "content": "- Renewed volatility in financial markets.\n- A sharper-than-expected decline in commodity prices."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Preserve credible policy frameworks and ensure sufficient buffers to cope with adverse shocks.\n- Fiscal policy: a neutral to tighter stance will be appropriate in most countries.\n- External volatility defenses:\n  - Exchange rate flexibility.\n  - Proactive supervision of the financial system.\n- To boost medium-term growth prospects:\n  - Raise infrastructure investment.\n  - Improve educational outcomes.\n  - Enhance the business environment."
    },
    {
      "heading": "Publication note",
      "content": "- April 2014\n\nRegional Economic Outlook: Western Hemisphere — April 2014.\n\n---\n\n Content in this bundle\n\n- Regional Economic Outlook: Western Hemisphere - Rising Challenges; April 2014\n  - Regional Economic Outlook: Western Hemisphere - Rising Challenges; April 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Regional Economic Outlook: Western Hemisphere - Rising Challenges; April 2014 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Survey Story\n- Western Hemisphere: Regional Economic Outlooks Archive\n- Regional Economic Outlooks\n- IMF Regional Reports\n- World Economic Outlook Archives\n- Subscribe\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/rising-challenges"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/reo/wh/issues/2017/01/07/rising-challenges/index.md)",
    "[Structured JSON version](/en/publications/reo/wh/issues/2017/01/07/rising-challenges/index.json)",
    "[Bundle manifest](/en/publications/reo/wh/issues/2017/01/07/rising-challenges/bundle-manifest.json)",
    "Published: April 24, 2014",
    "Series: Western Hemisphere",
    "Growth across Latin America and the Caribbean is expected to remain subdued at 2½ percent in 2014.",
    "The firming recovery in the advanced economies will support export activity.",
    "Positive impulses from advanced-economy recovery are likely to be offset in many countries by:",
    "Renewed volatility in financial markets.",
    "A sharper-than-expected decline in commodity prices.",
    "Preserve credible policy frameworks and ensure sufficient buffers to cope with adverse shocks.",
    "Fiscal policy: a neutral to tighter stance will be appropriate in most countries.",
    "External volatility defenses:",
    "To boost medium-term growth prospects:",
    "April 2014",
    "**Regional Economic Outlook: Western Hemisphere - Rising Challenges; April 2014**",
    "[Survey Story](https://www.imf.org/external/pubs/ft/survey/so/2014/CAR042414B.htm)",
    "[Western Hemisphere: Regional Economic Outlooks Archive](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx?ddlRegions=12&ddlYear=-1)",
    "[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 Archives](https://www.imf.org/external/ns/cs.aspx?id=29)",
    "[Subscribe](https://www.imf.org/external/RSS/feeds.aspx?Category=PUBS_GF)",
    "[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)"
  ],
  "related": [
    {
      "title": "Regional Economic Outlook: Western Hemisphere - Rising Challenges; April 2014",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2014/whd/eng/pdf/_wreo0414pdf.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2014/whd/eng/pdf/_wreo0414pdf.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2014/whd/eng/pdf/_wreo0414pdf.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/reo/wh/issues/2017/01/07/rising-challenges/index.md",
    "json": "/en/publications/reo/wh/issues/2017/01/07/rising-challenges/index.json",
    "bundleManifest": "/en/publications/reo/wh/issues/2017/01/07/rising-challenges/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-08T18:04:15.239Z"
}