From Global Collapse to Recovery : Economic Adjustment and Growth Prospects in Latin America and the Caribbean

The global crisis is now in the rear view mirror and world growth is being restored. In sharp contrast with past episodes of global turmoil, this time the recovery is led by the periphery, specifically by the larger and more dynamic emerging market...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCELERATION OF INFLATION ACCUMULATION OF RESERVES ADVANCED ECONOMIES ADVERSE EFFECTS ASSETS BANK LENDING BANKING BANKING SYSTEM BANKING SYSTEMS BUSINESS CYCLE BUSINESS CYCLES CAPITAL CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL INFLOWS CENTRAL BANKS COMMODITY PRICE COMMODITY PRICE BOOM COMMODITY PRICES COMPARATIVE ANALYSIS COMPETITIVENESS CONSENSUS FORECAST CONSENSUS FORECASTS CONSOLIDATION CONSUMPTION CONSUMPTION DEMAND COUNTRY MARKETS CREDIT CURRENCY CURRENCY APPRECIATION CURRENCY APPRECIATIONS DEBT DEBT CRISES DEBT SUSTAINABILITY DEMAND DEPRESSION DIRECTION OF TRADE DISTORTION DISTORTIONS DOMESTIC CONSUMPTION DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC DEMAND DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICE INFLATION DOMESTIC SAVING DOWNSIDE RISKS DOWNWARD RIGIDITY DRIVERS DUTCH DISEASE ECONOMIC ACTIVITY ECONOMIC COMPLEMENTARITY ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC OVERHEATING ECONOMIC PERFORMANCE ECONOMY ELASTICITY EMERGING MARKETS EQUITY EURO ZONE EXCHANGE EXCHANGE MARKET EXCHANGE RATE EXCHANGE RATE APPRECIATIONS EXCHANGE RATE FLEXIBILITY EXCHANGE RATE INTERVENTION EXCHANGE RATE POLICY EXPECTATIONS EXPORT COMPETITIVENESS EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKET EXPORTERS EXPORTS EXPOSURE EXTERNAL DEMAND EXTERNAL SHOCK EXTERNAL SHOCKS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL POLICY FISCAL POLICIES FISCAL POLICY FORECASTS FOREIGN CAPITAL GDP GDP PER CAPITA GLOBAL DEMAND GLOBAL ECONOMY GLOBAL LIQUIDITY GOLD GOLD STANDARD GOODS GROWTH RATE GROWTH RATES HIGH INFLATION HUMAN CAPITAL IMPORT IMPORT PRICES IMPORTS INCENTIVES INCOME INDEBTEDNESS INDEPENDENT MONETARY POLICY INFLATION INFLATION EXPECTATIONS INFLATION FORECASTS INFLATION RATE INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INFORMATION INSURANCE INTEREST INTEREST RATE INTEREST RATE DIFFERENTIAL INTEREST RATE DIFFERENTIALS INTEREST RATES INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL RESERVE INTERNATIONAL RESERVES INVENTORIES INVENTORY INVESTMENT INVESTMENT BOOM INVESTMENT CLIMATE INVESTMENT LEVELS LABOR LABOR DEMAND LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKET POLICIES LABOR MARKET POLICY LABOR MARKETS LABOR ORGANIZATION LABOR SUPPLY LAYOFFS LIQUIDITY LOCAL CURRENCY LOW INTEREST RATES MACROECONOMIC POLICY MANAGEMENT MARKET FORCES MARKET PRESSURE MARKET PRESSURES MARKET SHARES MARKETS MINIMUM WAGES MONETARY CONDITIONS MONETARY POLICY MONETARY POLICY FRAMEWORKS NATIONAL SAVINGS NATURAL RESOURCE NET EXPORTS NOMINAL EXCHANGE RATE NOMINAL WAGES OPEN ECONOMIES OTHER CURRENCIES OUTPUT GAP POVERTY REDUCTION PRICE INCREASES PRICES PRIVATE CAPITAL PRODUCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC SPENDING REAL APPRECIATION REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL WAGES RECESSION RECESSIONS REGIONAL GROWTH REGIONAL SHOCKS REGULATORY REFORM RELATIVE PRICES RELATIVE WEIGHT RENT RENTS RESERVE ACCUMULATION RESERVE REQUIREMENTS RESOURCE ALLOCATION RISK RISKS SAFETY SAFETY NETS SEMI-ELASTICITIES SIDE EFFECTS SLOWDOWN STANDARD DEVIATION STANDARDS STOCK MARKETS STOCK PRICE STOCK PRICES STRUCTURAL CHANGE SUPPLY SUPPLY CONDITIONS SURPLUS SURPLUSES TEMPORARY EMPLOYMENT TEQUILA CRISIS TRADABLE GOODS TRADE TRADE OPENNESS TRADE STATISTICS TRAINING TRANSFERS TRENDS TROUGH UNCERTAINTIES UNCERTAINTY UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES VARIABLES WAGE RIGIDITIES WAGES WEAK CURRENCIES WEALTH WEIGHTS WELFARE WORLD ECONOMY WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/208261468238478832/From-global-collapse-to-recovery-economic-adjustment-and-growth-prospects-in-Latin-America-and-the-Caribbean http://hdl.handle.net/10986/27811

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Summary:	The global crisis is now in the rear view mirror and world growth is being restored. In sharp contrast with past episodes of global turmoil, this time the recovery is led by the periphery, specifically by the larger and more dynamic emerging markets (Brazil, China, India, South Korea, Malaysia, Philippines, and Thailand). For this group of emerging markets (EMs), the contraction in economic activity was much smaller than that of rich countries, the recovery started earlier, and the rebound has been much steeper. Latin America and the Caribbean (LAC) are second among emerging regions, after Asia, in the strength of the recovery. The first part of the report focuses on macroeconomic and financial aspects, emphasizing the outlook going forward. Finally, the second part examines some aspects of the adjustment in labor markets during this crisis in comparison to previous ones.

From Global Collapse to Recovery : Economic Adjustment and Growth Prospects in Latin America and the Caribbean

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