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    LAC Semiannual Report April 2015: Latin America Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges
    LAC Semiannual Report April 2015: Latin America Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges
    LAC Semiannual Report April 2015: Latin America Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges
    Ebook61 pages1 hour

    LAC Semiannual Report April 2015: Latin America Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges

    By Augusto de la Torre, Alain Ize and Samuel Pienknagura

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    About this ebook

    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.
    LanguageEnglish
    PublisherWorld Bank Publications
    Release dateApr 18, 2015
    ISBN9781464806094
    LAC Semiannual Report April 2015: Latin America Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges

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