Brookings Global-CERES Economic and Social Policy in Latin America Initiative has released its Latin American Macroeconomic outlook called “Macroeconomic Vulnerabilities in an Uncertain World: One Region, Three Latin Americas.” CERES Executive Director Ernesto Talvi leads the initiative.
The report analyzes the complexities and heterogeneity among Latin American countries and separates them into three different regions. The report finds that “from a business cycle perspective, Latin America could be thought of as a single region. From the ease of access to international financial markets and multilateral financing perspective, Latin America could be thought of as two different regions, one with full access and the other with limited access. From a macroeconomic vulnerability perspective, the region should be thought of as three distinct regions with three very different sets of policy challenges.”
This Latin American Macroeconomic Outlook report is recognized as one of the most comprehensive and serious studies of its kind about the region. The official report was released and discussed on October 2 at an event in Washington, D.C. Commentators on the report included José Juan Ruiz Gόmez, chief economist and manager of the research department at the Inter-American Development Bank; Augusto de la Torre, chief economist for Latin American and the Caribbean at the World Bank and Alejandro Werner; Director of the Western Hemisphere Department at the International Monetary Fund.
You can read the full report here.