Latin America’s Macroeconomic Outlook in an Increasingly Uncertain Global Context

In an increasingly uncertain global context and less favorable external conditions, Latin America’s growth is experiencing a sharp decline, and the region is expected to grow a meager 2 percent in 2014. Country after country, growth rates have been disappointing and have not only unsurfaced social discontent but pose significant macroeconomic challenges in the years ahead.

On October 2, the Brookings Global-CERES Economic and Social Policy in Latin America Initiative hosted a discussion on the key macroeconomic policy challenges the region´s policymakers now face as well as how to address them. Panelists included: José Juan Ruiz Gόmez, chief economist and manager of the research department at the Inter-American Development Bank; Ernesto Talvi, director of the Brookings Global-CERES Economic and Social Policy in Latin America Initiative; Augusto de la Torre, chief economist for Latin American and the Caribbean at the World Bank; Alejandro Werner, director of the western hemisphere department at the International Monetary Fund. Vice President Kemal Derviş, director of Global Economy and Development at Brookings, moderated the discussion.

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