Regional Economic Outlook, May 2009, Western Hemisphere: Stronger Fundamentals Pay Off

May 5, 2009

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Regional Economic Outlook, May 2009, Western Hemisphere: Stronger Fundamentals Pay Off, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Also available in: español

Summary

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.

Subject: Bank credit, Banking, Commercial banks, Commodity prices, Currencies, Financial institutions, Fiscal policy, Foreign banks, Money, Prices

Keywords: Bank, Bank asset growth, Bank credit, Caribbean, Central America, Commercial banks, Commodity prices, Core CPI, Credit spread, Currencies, Europe, Foreign banks, Global, Housing price deflation, IMF staff calculation, LAC bank, Lending, Price, Price pressure, REO

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Western Hemisphere
Stock No:

REOWHDEA2009001
ISBN:

9781589068438
ISSN:

2071-4165

Notes

Full text also available in Spanish.

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