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International Monetary Fund. Western Hemisphere Dept.

Abstract

Regional Economic Outlook, October 2019, Western Hemisphere Department

International Monetary Fund. Western Hemisphere Dept.

Abstract

Regional Economic Outlook, October 2019, Western Hemisphere Department

International Monetary Fund. Western Hemisphere Dept.

Abstract

The global economy has slowed, with important consequences for growth prospects in Latin America and the Caribbean. The slowdown in economic activity has been broad-based among advanced economies and more pronounced in emerging markets and developing economies, partly reflecting trade and geopolitical tensions. Global growth is projected to decline to the lowest level since the global financial crises, before recovering in 2020. More importantly, growth is projected to decline in 2019–20 in the United States and China, which are LAC’s two main trading partners. The ongoing sluggishness of global growth and trade is affecting export growth in LAC, posing significant headwinds to the outlook. External demand for the region remains subdued, with trading partner growth (including China, Europe, other LAC countries, and the United States) projected to decline in 2019, before recovering modestly over the medium term. Moreover, commodity prices (notably energy and metals), key drivers of growth in LAC in the past, are projected to decline with a likely modest negative impact on regional growth going forward.

International Monetary Fund

Abstract

Los cinco informes sobre las perspectivas económicas regionales (informes REO) que el FMI publica semestralmente abarcan Asia y el Pacífico, Europa, Oriente Medio y Asia Central, África sub-sahariana y las Américas. En cada informe se analizan la evolución reciente y las perspectivas económicas de la respectiva región, tanto en su conjunto como en países específicos. Los informes incluyen datos clave sobre los países de cada región. En cada informe se enfocan los acontecimientos de política económica que han incidido en los resultados económicos de la región y se analizan los desafíos que tienen ante sí las autoridades. También se analizan de manera exhaustiva las perspectivas a corto plazo, los principales riesgos y los desafíos de política conexos, como por ejemplo cuándo y cómo retirar las intervenciones públicas en los sistemas financieros a escala mundial, preservando al mismo tiempo una recuperación económica que aún es frágil. Estos estudios indispensables son el producto de exámenes interdepartamentales exhaustivos de la evolución económica basados principalmente en la información que el personal del FMI recopila en las consultas con los países miembros.

International Monetary Fund

Abstract

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for specific countries. The reports include key data for countries in the region. Each report focuses on policy developments that have affected economic performance in the region, and discusses key challenges faced by policymakers. The near-term outlook, key risks, and their related policy challenges are analyzed throughout the reports, and current issues are explored, such as when and how to withdraw public interventions in financial systems globally while maintaining a still-fragile economic recovery.These indispensable surveys are the product of comprehensive intradepartmental reviews of economic developments that draw primarily on information the IMF staff gathers through consultation with member countries.

International Monetary Fund. Western Hemisphere Dept.

Abstract

El año pasado el Hemisferio Occidental tuvo un sólido desempeño económico, a pesar de que en los últimos trimestres el crecimiento de Estados Unidos fue más lento. ¿Se pueden mantener estos resultados, y qué desafíos enfrenta la región? Al examinar las perspectivas y los riesgos macroeconómicos, este informe presta especial atención a la influencia del contexto externo en América Latina, y aborda la cuestión de si América Latina ha logrado dejar atrás su historial de retrocesos periódicos del crecimiento.

International Monetary Fund. Western Hemisphere Dept.

Abstract

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.

International Monetary Fund. Western Hemisphere Dept.

Abstract

This Western Hemisphere Regional Economic Outlook covers the United States, Canada, Latin America, and the Caribbean. The report reviews recent economic developments, discusses the economic outlook, and outlines risks and challenges ahead.