KEY ISSUES Context. Brazil is recovering gradually from the growth slowdown that started in mid- 2011, but the recovery remains uneven and inflation elevated. Output is estimated at potential with supply-side constraints, linked to tight labor market conditions and protracted weak investment...

Despite some global risks, external conditions for Latin America should remain stimulative. With monetary policy in advanced economies expected to stay accommodative, external financing conditions will remain favorable. Strong demand from emerging Asian economies and the gradual recovery of...

Extended arrangement. On May 1, 2013, the IMF Executive Board approved a request by the Jamaican authorities for a four-year Extended Arrangement in an amount of SDR 615.38 million (225 percent of quota) with a first purchase equal to 50 percent of quota. Economic developments. Growth has...

The economy is reviving. Output is poised for a modest recovery in 2013 after again registering disappointing growth in 2012. Maintenance-related outages will continue to hamper the energy sector, but the non-energy sector should grow around 21⁄2 percent. Core inflation remains moderate and...

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...

A pesar del reciente deterioro del entorno económico mundial, las proyecciones para la región implican tan solo un debilitamiento moderado de las perspectivas. En la edición de octubre de 2011 de Perspectivas económicas: Las Américas, el Departamento del Hemisferio Occidental advierte, sin...

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...

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...

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for...

A multispeed global recovery is under way, with some emerging markets in the lead and the major advanced economies growing more slowly. This macroeconomic setting has brought a return to easy global financial conditions and high commodity prices-a situation likely to be sustained for some time...