International Monetary Fund. Western Hemisphere Dept.
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 fundamentals. The analysis focuses, in particular, on real and financial linkages with the United States, the strength of underlying fiscal positions, and the sustainability of the ongoing credit boom.
The macroeconomic outlook for sub-Saharan Africa
continues to strengthen with higher growth, easing inflation, and stabilizing public debt ratios
with some countries improving their fiscal balances. But there are concerns on the quality of the
fiscal adjustment and underlying vulnerabilities have yet to be decisively addressed.