Posted on October 5, 2011 by iMFdirect
By Nicolás Eyzaguirre
(Version in Español)
As the European crisis lingers and advanced economies stall, the next six to eighteen months will be challenging for Latin America. Increased global uncertainties may create headwinds for the region—greater stress in the global economy and markets—tailwinds, if the advanced countries’ problems are tackled and economies spring back to life, or volatile gusts—weak growth and continued uncertainty—like we are seeing now.
But it’s not easy to forecast the future of Latin America in these uncertain times, as we discuss in our just-published Regional Economic Outlook for Western Hemisphere. (Here I focus on Latin America, but our report covers the whole region, including North America, Central America, and the Caribbean.)
Today’s global uncertainties are virtually unprecedented. But then again, much of Latin America is stronger today than in past decades. (more…)
Filed under: Economic outlook, Economic research, International Monetary Fund, Latin America | Tagged: commodity prices, current account deficits, financial market turbulence, financial risks, financial system, fiscal consolidation, global financial markets, government budgets, iMFdirect, inflation, International Monetary Fund, liquidity, monetary policy, Regional Economic Outlook: Western Hemisphere | 5 Comments »
Posted on September 23, 2011 by iMFdirect
The 2011 IMF-World Bank Annual Meetings are taking place in Washington DC as the global economy enters a dangerous new phase — financial markets jitters and risks to the recovery are giving everyone plenty to talk about. Here are our ‘must reads’ for the meetings. (more…)
Filed under: Annual Meetings, Economic outlook, IMF, International Monetary Fund | Tagged: 2011 World Bank-IMF Annual Meetings, Christine Lagarde, economic recovery, financial market turbulence, Fiscal Monitor, Global Financial Stability Report, global risks, low-income countries, Program of Seminars, World Economic Outlook | 4 Comments »
Posted on September 19, 2011 by iMFdirect
Recent turbulence in financial markets and increased risks in the global economy mean that the 2011 Annual Meetings of the IMF and World Bank are taking place at a critical time for the global economy.
Economic leaders will come together to assess the state of the world economy and discuss the policy actions needed to deal with today’s global economic challenges. The IMF’s updated forecast for the world economy will be published September 20.
About 10,000 policymakers, private sector and civil society representatives, journalists, and academics are expected to attend the Annual Meetings, which are set to take place on September 23–24.
In an interview, Reza Moghadam, Director of the IMF’s Strategy, Policy, and Review Department, discusses the issues that are likely to receive most attention at the meetings. (more…)
Filed under: Advanced Economies, Annual Meetings, Civil Society, Economic Crisis, Emerging Markets, Financial Crisis, IMF, International Monetary Fund, Low-income countries | Tagged: 2011 World Bank-IMF Annual Meetings, Annual Meetings, bilateral surveillance, collective action, Consolidated Multilateral Surveillance Report, crisis lending, financial market turbulence, global economic recovery, governance reform, IMF, IMF governance, IMF lending, IMF surveillance, International Monetary Fund, low-income countries, multilateral surveillance, policy buffers, Reza Moghadam, risks | 4 Comments »