Regional Economic Outlook, May 2013, Western Hemisphere: Time to Rebuild Policy Space
Despite some global risks, external conditions for Latin America should remain stimulative. With monetary policy in advanced economies expected to stay accommodative, external financing conditions will remain favorable.
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Volume/Issue:
Volume 2013
Issue 002
Publication date: May 2013
ISBN: 9781484347928
$20.00
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Available Languages and Formats
| English | ||||
| Spanish |
Topics covered in this book
This title contains information about the following subjects.
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Exports and Imports , Economics- Macroeconomics , Public Finance , REO , terms of trade , income , exchange rate , income windfall , TFP performance , growth differential , terms-of-trade boom , commodity price , TFP trend , Personal income , Total factor productivity , Fiscal stance , Global , Caribbean , Central America , Europe , South America , TFP growth , GDP growth
Summary
Despite some global risks, external conditions for Latin America should remain stimulative. With monetary policy in advanced economies expected to stay accommodative, external financing conditions will remain favorable. Strong demand from emerging Asian economies and the gradual recovery of advanced economies will continue to support commodity prices, benefiting exporters. The main policy challenge for most of the region is to take advantage of current conditions to continue buttressing a foundation for sustained growth. Other issues important to the region include: (i) strengthening balance sheets; (ii) understanding how changes in external conditions could impact public and external debt dynamics; and (iii) making the best use of the windfall from the recent terms-of-trade boom.
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