European Parliament Library

Regional Economic Outlook, October 2008, Western Hemisphere :, Grappling with the Global Financial Crisis

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
Table Of Contents
2.6 Do Migrant Remittances to the LAC Region Fall During U.S. Slowdowns?2.7 Spillovers from the United States to Latin America; 2.8 Absorbing the Oil Shock in Central America and the Caribbean: The Role of Petrocaribe; Policies: Maintaining Confidence and Stability; III. Keeping Inflation Under Control; Rising Inflation; Monetary Policy Has Been Tightened; Conclusions; Appendix 3.1; IV. Elevated Food Prices and Vulnerable Households: Fiscal Policy Options; Elevated Food Prices Trigger Policy Debate; 4.1 Impact of Rising Food Prices on Poverty
Literary Form
non fiction
"Grappling with the global financial crisis."
Physical Description
1 online resource (84 p.)
Specific Material Designation
Form Of Item

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