It’s been a rough start to 2016, as seen by the recent bouts of financial volatility, stemming from uncertainties related to the slowdown in China, lower commodity prices, and divergent monetary policy in advanced economies.
The global recovery continues to struggle to gain its footing, with strains in some large emerging market economies weighing on growth prospects. For Latin America and the Caribbean, growth in 2016 is now expected to be negative for the second consecutive year—the first time since the debt crisis of 1982–83, which triggered the “lost decade” for the region (see table). Continue reading
Filed under: Caribbean, Economic outlook, growth, IMF, Latin America | Tagged: Caribbean, Central Am, commodity prices, financial volatility, growth, IMF, Latin America, macroeconomic imbalances, Mercosur, oil prices, South America | Leave a comment »