Regional Economic Outlook, Western Hemisphere, October 2010: Heating Up in the South, Cooler in the North (World Economic and Financial Surveys)

Heating Up in the South, Cooler in the North broadly describes the economic scene for the Western Hemisphere. The report emphasizes how a mixed environment--with slow recovery in the United States and other advanced economies, but strength in Asia--differently shapes the outlooks for the diverse economies of Latin America and the Caribbean. This issue also focuses on financial issues in Latin America, with a chapter on the challenges of allowing credit to expand safely, without creating excessive risks, and a chapter that looks at macroprudential financial policies--topics especially important in today's context of low global interest rates and capital flows to emerging economies. The final chapter turns to Caribbean economies, exploring the drivers, and obstacles, that affect their growth. Global, U.S., and Canadian outlook Latin America and the Caribbean: recent developments and outlook Looking at the last credit cycle to better manage the next one macroprudential tools in Latin America: a primer A cross-country perspective on growth in the Caribbean: the role of tourism and debt Western Hemisphere: main economic indicators Latin America and the Caribbean: main fiscal indicators.