Commodity prices are falling or are at their lowest point in years. The demographic boom is fading. Debts are on the rise, and many currencies have undergone sharp depreciations. What does all this mean for Latin America and the Caribbean? Our 2016 Macroeconomic Report Time to Act looks at some of the critical issues facing countries in the region. It explores the fiscal … [Read more...] about Adjusting to Shocks to Protect the Region’s Future
I returned home recently from another excellent “di Tella Summer Camp”. It’s no longer in the summer, it was not held in the Universidad Torcuato di Tella and it’s now called the Workshop in International Economics and Finance but the event is still going strong; this was the 19th year! Our extremely hospitable hosts were the Central Bank of Colombia and in the “policy panel” … [Read more...] about Commodity Prices (Again): Permanent or Temporary Shocks?
By Paolo Giordano* According to the latest edition of the Trade and Integration Monitor of the IDB, exports from Latin America and the Caribbean fell at an annualized rate of 10.9% in the first six months of 2015 compared to the same period in 2014 - the biggest drop recorded since the trade collapse of 2009. The total for the year is therefore expected to stay in the red, … [Read more...] about Double-dip of Latin American Exports: a call for diversification