TÍTULO: Resumen Ejecutivo: El escenario económico internacional
HEADLINE: Executive Summary: International economic outlook
Central banks around the world closely monitor the international economic outlook.
The Bolivian Central Bank is no exception.
[Read the previous Spanish to English translation: Atacama, between desert and starts]
The Spanish to English translation today by Professor Winn is a recent report surveying the global economy.
Economic reports, domestic or international, are just some of the types of documents that translators render into other languages.
Multinational businesses, investment firms, and stock and currency traders especially need these reports to glean any insights to guide their activities.
The 2017 international economic outlook has been mixed so far.
Find out more in this extended translation courtesy of Professor Winn, a certified Spanish to English translator.
Executive Summary – International Economy
In the first half of 2017 global economic activity showed a slight recovery, but below expectations while highlighting the performance of the service and manufacturing sectors, international trade, and confidence indicators.
The recovery of international prices of raw materials was moderate affected by weak oil prices that reduced its outlook.
Meanwhile, conditions in the financial markets remained favorable with net capital inputs into emerging economies and volatile regional exchange rates.
In this context, developed countries showed signs of continued slight recovery afterwards a period of political uncertainty earlier this year, although growth forecasts of the United States were revised downward mainly due to the lack of progress and definition in the measures of fiscal stimulus.
Inflation in the major advanced economies is below of the goal set by their central banks, after a rebound at beginning of the year, a situation that led to the increase in U.S. interest rates and the planned reduction of the purchase program of shares in the Euro zone.
Emerging and developing economies were mixed.
In South America, which hoped for relief from its two-year contraction, growth projections were revised downward given weaker international price expectations for raw materials and domestic political risks in some economies.
In this context, inflationary pressures in the region were reduced, which allowed central banks to adopt monetary stimulus measures to boost economic activity. Bolivia stands out with one of the largest expansions expected for 2017 and less accumulated inflation in the region in the first half.
In South America, which hoped for relief from its two-year contraction, growth projections were revised downward.
Within this regional framework of weak recovery and moderate international price hikes of raw materials during the first half of 2017, national officials decided to maintain countercyclical policies to sustain the economic dynamism and the fight against poverty to preserve price stability.
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