Western Hemisphere Region

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2009

October 21, 2009

Regional Economic Outlook: Western Hemisphere - Stronger Fundamentals Pay Off, May 2009 -- Table of Contents

Description: The impact of the global financial crisis and recession on the Latin America and Caribbean region was substantial, but the worst is over for most countries. The region avoided falling into a crisis of its own, performing relatively well amid strong external shocks. Many countries have now returned to growth. The region now faces the challenge of adapting to a new global environment that will not be as favorable as in the past. The report explores the lessons and policy agenda emerging from the recent performance of the Latin America and Caribbean region, drawing also on the broader international experience.

May 6, 2009

Regional Economic Outlook: Western Hemisphere - Stronger Fundamentals Pay Off, May 2009 -- Table of Contents

Description: The global crisis that began in advanced economies has sent severe shocks around the world, posing a test to the economies of Latin America and the Caribbean. The good news is that during this decade the region has made itself more resilient to external shocks, by strengthening policy frameworks and reducing vulnerabilities in its public finances and financial systems. These preparations, the report shows, mean that countries are now more able to respond to the external crisis, many for the first time, with active policies to boost output and employment and protect the most vulnerable groups. This will help contain the damage from the global crisis and speed up the region’s recovery.

2008

October 22, 2008

Regional Economic Outlook: Western Hemisphere, October 2008 -- Table of Contents

Description: 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.

April 11, 2008

Regional Economic Outlook: Western Hemisphere, April 2008 -- Table of Contents

Description: The main focus of this report is the outlook for the region in the face of the downturn now projected for the U.S. economy and the continuing risks that affect the global outlook. Overall the region is better placed than in the past to navigate the current financial turbulence, given reduced vulnerabilities and stronger policy frameworks. Nonetheless, the report points to risks that the global financial stress could curtail capital flows to the region and world commodity prices could fall more than expected. There are also risks arising from rising inflation and rapid private credit growth in a number of countries. The report then explores the policy options facing governments in the region, underscoring the need to preserve the gains of recent years.

2007

November 9, 2007

Regional Economic Outlook: Western Hemisphere, November 2007 -- Table of Contents

Description: In spite of a slower U.S. economy and recent market turbulence, growth in the Latin America and Caribbean region has continued at a robust pace. This reports explores the resilience of the LAC region to external shocks and the policy challenges involved in sustaining the region's improved fundamentals. The analysis focuses, in particular, on real and financial linkages with the United States, the strength of underlying fiscal positions, and the sustainability of the ongoing credit boom.

April 13, 2007

Regional Economic Outlook: Western Hemisphere, April 2007 -- Table of Contents

Description: 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. Can this performance be sustained, and what challenges does the region face? Reviewing macroeconomic prospects and risks, this report pays particular attention to the influence of the external environment on Latin America, and addresses the question of whether Latin America has now succeeded in breaking with its history of periodic growth reversals.

2006

November 2, 2006

Regional Economic Outlook: Western Hemisphere, November 2006 -- Table of Contents

Description: Provides an update on recent economic developments and prospects for countries in the region. Describes policy developments that have helped underpin the region's recent favorable economic performance and discusses the key challenges that policymakers will face in managing vulnerabilities, fostering growth and poverty reduction, while maintaining macroeconomic stability.

April 21, 2006

Western Hemisphere Regional Economic Outlook 2006 Midyear Update -- Table of Contents

Description: Provides an update on recent economic developments and prospects for countries in the region. Describes policy developments that have helped underpin the region's recent favorable economic performance and discusses the key challenges that policymakers will face in managing vulnerabilities, fostering growth and poverty reduction, while maintaining macroeconomic stability.

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