|
|
|
|
| LEADER |
04172nmm a2200649 u 4500 |
| 001 |
EB002214247 |
| 003 |
EBX01000000000000001351208 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
240607 ||| eng |
| 020 |
|
|
|a 9781513593838
|
| 245 |
0 |
0 |
|a Regional Economic Outlook, October 2021, Western Hemisphere: A Long and Winding Road to Recovery
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2021
|
| 300 |
|
|
|a 50 pages
|
| 651 |
|
4 |
|a Chile
|
| 653 |
|
|
|a Economic & financial crises & disasters
|
| 653 |
|
|
|a Business cycles
|
| 653 |
|
|
|a Inflation
|
| 653 |
|
|
|a Health
|
| 653 |
|
|
|a International Organizations
|
| 653 |
|
|
|a Infectious & contagious diseases
|
| 653 |
|
|
|a Finance
|
| 653 |
|
|
|a Financial crises
|
| 653 |
|
|
|a International agencies
|
| 653 |
|
|
|a Deflation
|
| 653 |
|
|
|a Covid-19
|
| 653 |
|
|
|a General Financial Markets: General (includes Measurement and Data)
|
| 653 |
|
|
|a Health Behavior
|
| 653 |
|
|
|a International organization
|
| 653 |
|
|
|a Price Level
|
| 653 |
|
|
|a Foreign Exchange
|
| 653 |
|
|
|a Currency crises
|
| 653 |
|
|
|a Cycles
|
| 653 |
|
|
|a Financial markets
|
| 653 |
|
|
|a International institutions
|
| 653 |
|
|
|a Emerging and frontier financial markets
|
| 653 |
|
|
|a Economic growth
|
| 653 |
|
|
|a International Economics
|
| 653 |
|
|
|a Prices
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Financial services industry
|
| 653 |
|
|
|a Business Fluctuations
|
| 653 |
|
|
|a Diseases: Contagious
|
| 653 |
|
|
|a Communicable diseases
|
| 653 |
|
|
|a Economic recovery
|
| 653 |
|
|
|a Finance: General
|
| 653 |
|
|
|a International Agreements and Observance
|
| 710 |
2 |
|
|a International Monetary Fund
|b Western Hemisphere Dept
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a Regional Economic Outlook
|
| 028 |
5 |
0 |
|a 10.5089/9781513593838.086
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/display/book/9781513593838/9781513593838.xml?cid=464528-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a Supply-side policies should foster inclusive growth, including through progressive and growth-friendly tax reforms and measures to intensify climate change adaptation and mitigation
|
| 520 |
|
|
|a Fiscal policy should allocate sufficient resources for health spending, including vaccination, and continue to support households and firms in a more targeted fashion while the pandemic persists, backed by credible assurances of medium-term debt sustainability to maintain access to finance. Monetary policy has started to address inflationary pressures but should continue to support economic activity insofar as the dynamics of inflation expectations permit. If rising inflation threatens to de-anchor inflation expectations, central banks should tighten monetary policy to signal a commitment to inflation targets and avoid persistent increases in inflation. Preemptive and decisive action should be accompanied with clear and transparent communication. Financial policy should shift from blanket support to targeted support of viable firms, to ensure that necessary labor and capital reallocations are not hindered.
|
| 520 |
|
|
|a An economic recovery is underway in Latin America and the Caribbean (LAC) but the pandemic still casts shadows on much of the region. The recovery was robust in the first quarter of 2021 but lost momentum in some countries in the second quarter, reflecting the rebound in COVID-19 cases. Real GDP is projected to grow by 6.3 percent in 2021, followed by a more moderate growth of 3 percent in 2022, but would not catch up with pre-pandemic trends in the medium term as persistent weakness in labor markets raises risks of scarring. Broadly favorable external conditions, high commodity prices, and pent-up demand support short-term growth, while monetary and fiscal policy reversals work in the other direction. Risks to the outlook are tilted downward. Main downside risks are the emergence of more transmissible and deadlier COVID-19 variants, tightening of global financial conditions, sovereign debt rollover risks, and social unrest as a year with heavy election schedule looms.
|