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

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collection.link.135
https://openknowledge.worldbank.org/handle/10986/6000
collection.link.137
https://openknowledge.worldbank.org/handle/10986/6002
collection.link.215
https://openknowledge.worldbank.org/handle/10986/11883
collection.name.135
Portuguese PDFs Available
collection.name.137
Spanish PDFs Available
collection.name.215
LAC Semiannual Report
dc.contributor.author
Vegh, Carlos A.
dc.contributor.author
Vuletin, Guillermo
dc.contributor.author
Riera-Crichton, Daniel
dc.contributor.author
Friedheim, Diego
dc.contributor.author
Morano, Luis
dc.contributor.author
Camarena, José Andrée
dc.date.accessioned
2018-04-12T16:40:25Z
dc.date.available
2018-04-12T16:40:25Z
dc.date.issued
2018-04-17
dc.description.abstract
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.
en
dc.identifier.isbn
978-1-4648-1290-3
dc.identifier.uri
http://hdl.handle.net/10986/29666
dc.language
English
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
LAC Semiannual Report;April 2018
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
GROWTH
dc.subject
HOUSEHOLD INCOME INEQUALITY
dc.subject
LABOR FORCE PARTICIPATION
dc.subject
LABOR INCOME INEQUALITY
dc.subject
SLOWDOWN
dc.subject
ELASTICITY
dc.subject
INEQUALITY
dc.subject
TERMS OF TRADE
dc.subject
UNEMPLOYMENT
dc.subject
FISCAL ADJUSTMENT
dc.subject
FISCAL TRENDS
dc.title
Fiscal Adjustment in Latin America and the Caribbean
en
dc.title.subtitle
Short-Run Pain, Long-Run Gain?
en
dc.type
Serial
en
okr.date.disclosure
2018-04-17
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1290-3
okr.identifier.internaldocumentum
211290
okr.identifier.report
125780
okr.imported
true
en
okr.language.supported
en
okr.region.administrative
Latin America & Caribbean
okr.region.geographical
Caribbean
okr.region.geographical
Central America
okr.region.geographical
Latin America
okr.region.geographical
South America
okr.topic
Macroeconomics and Economic Growth :: Business Cycles and Stabilization Policies
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Macroeconomics and Economic Growth :: Economic Forecasting
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Macroeconomics and Economic Growth :: Fiscal Adjustment
okr.unit
LCRCE

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