Posted on January 30, 2014 by iMFdirect
By Alejandro Werner
(Version in Español, Português)
Looking to the year ahead, how do we see the global economic landscape, and what will this mean for our region? This question is especially on people’s minds today, given the risks of deflation in advanced economies and of sustained turbulence in emerging markets.
Despite these risks, we expect that the region will grow a little faster than last year—increasing from 2.6 percent in 2013 to 3 percent in 2014. Stronger global demand is one part of the story, but not the whole story; volatility is likely to be a significant feature of the landscape ahead. And regional growth rates will still be in low gear compared to historical trends, and downside risks to growth remain. So, let’s start with the global scene.
Filed under: Economic outlook, Economic research, Emerging Markets, Employment, Financial Crisis, growth, IMF, International Monetary Fund, Latin America | Tagged: Alejandro Werner, Argentina, Brazil, Caribbean, Central America, Chile, Colombia, financial market, inflation, Latin America, Mexico, Peru, South America, tourism, United States, Uruguay, Venezuela, Western Hemisphere | Leave a comment »
Posted on December 6, 2012 by iMFdirect
By Christine Lagarde
(Version in Español)
Next week, I will travel to Latin America—my second visit to the region since November 2011. I return with increased optimism, as much of Latin America continues its impressive transformation that started a decade ago.
The region remains resilient to the recent bouts in global volatility, and many countries continue to expand at a healthy pace. An increasing number of people are escaping the perils of poverty to join a growing and increasingly vibrant middle class.
Filed under: Economic Crisis, Emerging Markets, Español, Fiscal policy, growth, IMF, Inequality, International Monetary Fund, Latin America, Public debt | Tagged: advanced economies, Asia, business leaders, capital flow management measures, capital flows, Central America, Chile, Civil Society, Colombia, commodity exporters, competitiveness, debt levels, demand, domestic demand, Economics, education, emerging economies, Europe, exports, external financing conditions, financial sector, financial supervision and regulation, fiscal balances, fiscal cliff United States, fiscal consolidation, fiscal policy, global crisis, global risks, growth, high commodity prices, iMFdirect, inequality, infrastructure, International Monetary Fund, Mexico, middle class, monetary policy, policymakers, poverty, productivity, reforms, students, tailwinds, taxes | 5 Comments »
Posted on October 25, 2012 by iMFdirect
By Luis Cubeddu and Sebastián Sosa
(Version in Español)
World food prices are on the rise again owing mainly to global weather-related shocks. This has led to concern that the rise could result in higher inflation and hurt the most vulnerable.
Two points to note are that the recent increase in food prices has been less acute than the two previous episodes (in mid-2008 and early 2011), and features important differences across commodities. For example, while the price of soybeans, corn and wheat are up sharply, coffee and sugar prices are down. Market projections suggest that corn, soy, and wheat prices will stay high through end-2012, but then decline gradually as supply conditions normalize.
Filed under: Africa, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Fiscal policy, Globalization, growth, IMF, Inequality, Investment, Latin America, Politics | Tagged: Brazil, Caribbean, Central America, coffee, commodities, corn, fertilizer, food prices, iMFdirect, inflation, seeds, South America, Southern Cone, soybeans, sugar, wages, wheat | 2 Comments »