Regional Economic Outlook, October 2008, Western Hemisphere: Grappling with the Global Financial Crisis
Volume/Issue:
Volume 2008
Issue 008
Publication date: October 2008
ISBN: 9781589067592
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Inflation , Investments and Securities-General , Economics- Macroeconomics , Money and Monetary Policy , REO , firm , food , commodity-price gain , emerging market IT country , core inflation , temper inflation expectation , firms option , investment decision , LAC firm , equity price , inflation expectation , firm level , Inflation , Food prices , Currencies , Commodity prices , Private investment , Global , Caribbean , Central America , Europe , Asia and Pacific
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.
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