The International Monetary Fund (IMF) has published the Regional Economic Outlook for the Western Hemisphere, “Shifting Winds, New Policy Challenges.”
According to the REO, Latin America and theCaribbeanis facing a range of challenges from the crisis. Downside risks are significant, with some countries more vulnerable than others. But growth has so far held up reasonably well in the region.
The latest baseline projection is for a modestly lower growth outlook for Latin America and theCaribbeanat 4.5 percent in 2011 and 4 percent in 2012, down 0.1 percentage point from the forecast published in June.
The full REO is available online.