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360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks – Macroeconomic Resilience in the Caribbean (English)

Macroeconomic shocks refer to any unpredicted disturbance to the economy through internal or external factors. The external shocks lead to volatilities and impose high risks on the economies. They may occur due to various reason, such as oil price hikes, a sudden fall in demand for any commodity, or an unpredicted fall in supply of any commodity. This report aims to characterize the overall macroeconomic resilience in the Caribbean region against a broad range of external shocks. The report starts with the discussion on the vulnerability and risks in the region, then proceeds to various factors determining the level of macroeconomic resilience. The last section estimates and presents the current macroeconomic resilience level in the Caribbean and how it is compared with the top performers in the Caribbean region.

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Citation

Li,Ran

360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks – Macroeconomic Resilience in the Caribbean (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/563881635295113854/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks-Macroeconomic-Resilience-in-the-Caribbean