The United States has seen an improvement in economic activity, driven by consumption, and has taken a first step toward gradual normalization of interest rates. The U.S. recovery continues to support activity in Mexico, Central America, and the Caribbean, but China's slowdown has reduced the...

La actividad economica en Estados Unidos ha mejorado gracias al impulso del consumo y ha dado un primer paso hacia una normalizacion gradual de las tasas de interes. La recuperacion en Estados Unidos continua respaldando la actividad en Mexico, America Central y el Caribe, pero la desaceleracion...

We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989-2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and Reis,...