The IMF has just launched the report “Western Hemisphere: Heating up in the South, Cooler in the North”, which emphasizes how a mixed environment is producing disparate outlooks for the diverse economies of Latin America and the Caribbean. Real GDP in the Latin America and Caribbean region is set to expand by 5.7 percent in 2010 and 4 percent in 2011. However, the countries within the region are performing at markedly different paces.
The latest issue of the IMF’s report focuses on financial issues in Latin America, with a chapter on the challenges of allowing credit to expand safely, without creating excessive risks, and another on macroprudential financial policies. In the final chapter attention turns to the Caribbean countries and the negative impact public debt has had on their recent growth.
Access the full report online.