Latin America Treads a Narrow Path to Growth

• Tác giả: Augusto de la Torre
• Ngôn ngữ: eng
• Ký hiệu phân loại: 709.8 Historical, geographic, persons treatment of fine and decorative arts
• Thông tin xuất bản: Washington, DC: World Bank, 2015
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 308261
• Chủ đề: 1. Commodity prices; 2. Decentralization; 3. Macroeconomic policies; 4. Policy mix; 5. Savings

Tóm tắt

The April 2015 LAC Semiannual Report covers the short-term prospects and provides an analysis of the external factors affecting the region's economic performance. The first chapter expands on LAC's economic outlook paying special attention to the global context and its effect on LAC's economic performance. In this first
- Chapter we argue that the region experienced an external shock that has shaped growth in recent years, and that this shock is likely here to stay.
- Chapter 2 discusses the policy space available for LAC countries as they try to accommodate to the current global context. In particular, the first part of the second
- Chapter discusses the rather limited monetary fiscal and monetary space currently present in the region. The second part of the
- Chapter argues part of this limited policy space is associated to LAC's relatively low savings rate. Moreover, the
- Chapter shows that in addition to the potential positive effects that higher savings could have on policy space, it could also have a beneficial effect on long-term growth.