Regional Economic Outlook: Western Hemisphere, May 2009

Business & Finance, Economics, International Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Regional Economic Outlook: Western Hemisphere, May 2009 by International Monetary Fund. Western Hemisphere Dept., INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund. Western Hemisphere Dept. ISBN: 9781451991567
Publisher: INTERNATIONAL MONETARY FUND Publication: May 5, 2009
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund. Western Hemisphere Dept.
ISBN: 9781451991567
Publisher: INTERNATIONAL MONETARY FUND
Publication: May 5, 2009
Imprint: INTERNATIONAL MONETARY FUND
Language: English
The global crisis that began in advanced economies has sent severe shocks around the world, posing a test to the economies of Latin America and the Caribbean. The good news is that during this decade the region has made itself more resilient to external shocks, by strengthening policy frameworks and reducing vulnerabilities in its public finances and financial systems. These preparations, the report shows, mean that countries are now more able to respond to the external crisis, many for the first time, with active policies to boost output and employment and protect the most vulnerable groups. This will help contain the damage from the global crisis and speed up the region’s recovery.
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The global crisis that began in advanced economies has sent severe shocks around the world, posing a test to the economies of Latin America and the Caribbean. The good news is that during this decade the region has made itself more resilient to external shocks, by strengthening policy frameworks and reducing vulnerabilities in its public finances and financial systems. These preparations, the report shows, mean that countries are now more able to respond to the external crisis, many for the first time, with active policies to boost output and employment and protect the most vulnerable groups. This will help contain the damage from the global crisis and speed up the region’s recovery.

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