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by the government's modernization plans and unparalleled oil and gas sector expansion. Guyana's oil reserves per capita … the upside, further oil discoveries would continue to improve Guyana's long-term economic prospects and a construction …. Policy discussions focused on the authorities' ambitious plans to rapidly transform Guyana using revenues from oil extraction …
Persistent link: https://www.econbiz.de/10015058895
Following the pandemic-induced recession in 2020, economic growth recovered in 2021, with non-oil GDP growth reaching 4.6 percent, despite being negatively impacted by floods. Inflation increased markedly since 2021 owing to the floods and supply-side disruptions, as well as continually rising...
Persistent link: https://www.econbiz.de/10015060061
The impact of the global financial crisis and recession on the Latin America and Caribbean region was substantial, but the worst is over for most countries. The region avoided falling into a crisis of its own, performing relatively well amid strong external shocks. Many countries have now...
Persistent link: https://www.econbiz.de/10014405568
The 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...
Persistent link: https://www.econbiz.de/10014406219
In spite of a slower U.S. economy and recent market turbulence, growth in the Latin America and Caribbean region has continued at a robust pace. This reports explores the resilience of the LAC region to external shocks and the policy challenges involved in sustaining the region’s improved...
Persistent link: https://www.econbiz.de/10014406220
Despite the recent deterioration in the global economic environment, projections for the region involve only a modest worsening of the outlook. The October 2011 Regional Economic Outlook: Western Hemisphere cautions, however, that there are severe downside risks. A sharp slowdown in Asia, for...
Persistent link: https://www.econbiz.de/10014401911
KEY ISSUES Context. Since the mid-2000s, macroeconomic stability supported by high world commodity prices and active social policies have contributed to nearly tripling income per capita and reducing poverty in Bolivia. Prudent fiscal policies allowed saving a sizable portion of the hydrocarbon...
Persistent link: https://www.econbiz.de/10014394282
KEY ISSUES Context. Economic performance has been weak and public debt is high. Foreign reserves are under pressure as fiscal and external imbalances widened in 2012 and further in 2013. Recognizing the need for urgent action, the authorities announced ambitious budget consolidation proposals in...
Persistent link: https://www.econbiz.de/10014394294
This Selected Issues paper assesses empirically the motives and effectiveness of foreign exchange (FX) interventions in Peru. The results of the study indicate asymmetries both in the Central Reserve Bank of Peru's reaction function and in the effectiveness of FX interventions. Probit estimates...
Persistent link: https://www.econbiz.de/10014394313
The unconventional energy boom has had significant positive effects on Canada’s economic activity and has the potential to contribute even more in the future with the appropriate extension of infrastructure capacity. Our findings suggest that while limited exports capacity would result in...
Persistent link: https://www.econbiz.de/10014394316