Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain?

After a growth slowdown that lasted six years, the Latin America and the Caribbean (LAC) region has finally turned the corner and resumed growth at a modest rate of 1.1 percent in 2017 and 1.8 percent expected in 2018. This reflects a more favorable external environment, particularly a recovery in c...

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Main Authors:	Vegh, Carlos A., Vuletin, Guillermo, Riera-Crichton, Daniel, Friedheim, Diego, Morano, Luis, Camarena, José Andrée
Format:	Serial
Language:	English
Published:	Washington, DC: World Bank 2018
Subjects:	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT FISCAL ADJUSTMENT FISCAL TRENDS
Online Access:	http://hdl.handle.net/10986/29666

id	okr-10986-29666
recordtype	oai_dc
spelling	okr-10986-296662021-04-23T14:04:53Z Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain? Vegh, Carlos A. Vuletin, Guillermo Riera-Crichton, Daniel Friedheim, Diego Morano, Luis Camarena, José Andrée GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT FISCAL ADJUSTMENT FISCAL TRENDS After a growth slowdown that lasted six years, the Latin America and the Caribbean (LAC) region has finally turned the corner and resumed growth at a modest rate of 1.1 percent in 2017 and 1.8 percent expected in 2018. This reflects a more favorable external environment, particularly a recovery in commodity prices. In spite of the benign external environment, most LAC countries still face a fragile fiscal situation. While gradual fiscal adjustments have started in several countries, most countries are still running fiscal deficits and debt levels are high. Further fiscal consolidation is needed to preserve the substantial gains achieved by the region in recent times, in terms of lower inflation, less poverty and inequality, and inclusive growth. This Semiannual Report analyzes the complex decisions regarding fiscal adjustment policies. 2018-04-12T16:40:25Z 2018-04-12T16:40:25Z 2018-04-17 Serial 978-1-4648-1290-3 http://hdl.handle.net/10986/29666 English LAC Semiannual Report;April 2018 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Latin America & Caribbean Caribbean Central America Latin America South America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT FISCAL ADJUSTMENT FISCAL TRENDS
spellingShingle	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT FISCAL ADJUSTMENT FISCAL TRENDS Vegh, Carlos A. Vuletin, Guillermo Riera-Crichton, Daniel Friedheim, Diego Morano, Luis Camarena, José Andrée Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain?
geographic_facet	Latin America & Caribbean Caribbean Central America Latin America South America
relation	LAC Semiannual Report;April 2018
description	After a growth slowdown that lasted six years, the Latin America and the Caribbean (LAC) region has finally turned the corner and resumed growth at a modest rate of 1.1 percent in 2017 and 1.8 percent expected in 2018. This reflects a more favorable external environment, particularly a recovery in commodity prices. In spite of the benign external environment, most LAC countries still face a fragile fiscal situation. While gradual fiscal adjustments have started in several countries, most countries are still running fiscal deficits and debt levels are high. Further fiscal consolidation is needed to preserve the substantial gains achieved by the region in recent times, in terms of lower inflation, less poverty and inequality, and inclusive growth. This Semiannual Report analyzes the complex decisions regarding fiscal adjustment policies.
format	Serial
author	Vegh, Carlos A. Vuletin, Guillermo Riera-Crichton, Daniel Friedheim, Diego Morano, Luis Camarena, José Andrée
author_facet	Vegh, Carlos A. Vuletin, Guillermo Riera-Crichton, Daniel Friedheim, Diego Morano, Luis Camarena, José Andrée
author_sort	Vegh, Carlos A.
title	Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain?
title_short	Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain?
title_full	Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain?
title_fullStr	Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain?
title_full_unstemmed	Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain?
title_sort	fiscal adjustment in latin america and the caribbean : short-run pain, long-run gain?
publisher	Washington, DC: World Bank
publishDate	2018
url	http://hdl.handle.net/10986/29666
_version_	1764469928634613760

Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain?

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