Western Hemisphere Region

Regional Economic Outlook, October 2008, Western Hemisphere: Grappling with the Global Financial Crisis

Publication Date:

October 28, 2008

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The ongoing global turmoil represents a confluence of negative shocks for Latin America and the Caribbean: a freeze in global credit markets, weaker external demand, and lower commodity prices. But the region is expected to deal with these global shocks better than in previous crises, reflecting progress made in improving macroeconomic fundamentals over the past decade. Still, there are a number of downside risks going forward. Against this uncertain background, the report discusses the implications of the global financial crisis for the regional outlook and the corresponding challenges facing policymakers.

Series:

Regional Economic Outlook

Subject:

Commodity prices Currencies Food prices Inflation Money National accounts Prices Private investment

Notes:

Full text also available in Spanish.