06897oam 22014894 450 991078074330332120230721024302.01-4552-2464-21-4527-7656-31-283-53682-X1-4519-4752-69786613849274(CKB)2470000000001391(EBL)1608624(SSID)ssj0000470608(PQKBManifestationID)11282285(PQKBTitleCode)TC0000470608(PQKBWorkID)10412645(PQKB)11773627(MiAaPQ)EBC1608624(IMF)REOWHDEE2008001(IMF)REOWHDEA2008001(EXLCZ)99247000000000139120020129d2008 uf 0engtxtccrRegional Economic Outlook, April 2008, Western HemisphereWashington, D.C. :International Monetary Fund,2008.1 online resource (56 p.)Regional Economic OutlookDescription based upon print version of record.1-58906-716-9 Includes bibliographical references (p. 48-49).Cover; Contents; Executive Summary; I. Overview: Navigating Financial Turbulence; U.S. and Global Outlook: Financial Shocks Weakening Prospects; Boxes; 1.1 United States: State of Play in Financial Turmoil; Transmission of Global Shocks to the LAC Region; 1.2 Poverty and Inequality Trends in the LAC Region; 1.3 The Global Surge in Commodity Prices: Implications for Latin America; LAC Outlook and Risks; 1.4 Macroeconomic Overview of the Caribbean Region; 1.5 Policies Concerning the Social Impact of Food Inflation; Options for Managing the Global Shock1.6 The Scope for a Counter cyclical Fiscal Policy in Latin America II. Latin American Linkages to Global Financial Market Turbulence; Resilience So Far, but Global Context Weak; Potential Pressure Points on the Region's Banks; 2.1 Financial Flows from the United States to Latin America; 2.2 Financial Linkages in the Caribbean; Tightening of Market Financing Conditions for Corporate Sector; Conclusions; 2.3 Stock Market Linkages Between Latin America and the United States During 'Tail Events'; III. World Commodity Prices and LAC Inflation; Inflation Is Rising Across the LAC Region3.1 Inflation Pressures in the Caribbean Analysis of Factors Driving Inflation; 3.2 Effects of Commodity Prices on Consumer Prices; 3.3 What Might Account for the Different Inflation Impact Across Countries?; Conclusions; Main Economic Indicators; ReferencesThe main focus of this report is the outlook for the region in the face of the downturn now projected for the U.S. economy and the continuing risks that affect the global outlook. Overall the region is better placed than in the past to navigate the current financial turbulence, given reduced vulnerabilities and stronger policy frameworks. Nonetheless, the report points to risks that the global financial stress could curtail capital flows to the region and world commodity prices could fall more than expected. There are also risks arising from rising inflation and rapid private credit growth in a number of countries. The report then explores the policy options facing governments in the region, underscoring the need to preserve the gains of recent years.Regional Economic Outlook; April 2008Economic forecastingNorth AmericaEconomic forecastingLatin AmericaEconomic forecastingCaribbean AreaBanks and BankingimfFinance: GeneralimfInflationimfInvestments: StocksimfMacroeconomicsimfInvestments: CommoditiesimfPrice LevelimfDeflationimfCommodity MarketsimfAgriculture: Aggregate Supply and Demand AnalysisimfPricesimfGeneral Financial Markets: General (includes Measurement and Data)imfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfInvestment & securitiesimfFinanceimfBankingimfMonetary economicsimfCommodity pricesimfFood pricesimfStock marketsimfStocksimfFinancial marketsimfFinancial institutionsimfCommoditiesimfStock exchangesimfBanks and bankingimfCommercial productsimfNorth AmericaEconomic conditionsLatin AmericaEconomic conditions1982-Caribbean AreaEconomic conditions1945-North AmericaEconomic conditionsStatisticsLatin AmericaEconomic conditions1982-StatisticsCaribbean AreaEconomic conditions1945-StatisticsUnited StatesimfEconomic forecastingEconomic forecastingEconomic forecastingBanks and BankingFinance: GeneralInflationInvestments: StocksMacroeconomicsInvestments: CommoditiesPrice LevelDeflationCommodity MarketsAgriculture: Aggregate Supply and Demand AnalysisPricesGeneral Financial Markets: General (includes Measurement and Data)Pension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesInvestment & securitiesFinanceBankingMonetary economicsCommodity pricesFood pricesStock marketsStocksFinancial marketsFinancial institutionsCommoditiesStock exchangesBanks and bankingCommercial productsInternational Monetary Fund.DcWaIMFBOOK9910780743303321Regional Economic Outlook, April 2008, Western Hemisphere3807548UNINA