Preliminary Overview of the Economies of Latin America and the Caribbean 2019
This edition of the Preliminary Overview of the Economies of Latin America and the Caribbean is released amid an extremely complex economic and social context for the region. Latin America is showing a synchronized economic slowdown at the country and sector levels. In contrast to previous years, in...
Guardado en:
| Otros Autores: | |
|---|---|
| Formato: | Texto |
| Lenguaje: | English |
| Publicado: |
ECLAC
2019
|
| Materias: | |
| Acceso en línea: | http://hdl.handle.net/11362/45001 |
| Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| id |
oai-11362-45001 |
|---|---|
| record_format |
dspace |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
MACROECONOMIA CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO LIQUIDEZ INVERSION EXTRANJERA DIRECTA MOVIMIENTOS DE CAPITAL COMERCIO INTERNACIONAL PRODUCTO INTERNO BRUTO PRECIOS EMPLEO SALARIOS POLITICA ECONOMICA POLITICA FISCAL POLITICA MONETARIA TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC CONDITIONS ECONOMIC GROWTH LIQUIDITY FOREIGN DIRECT INVESTMENT CAPITAL MOVEMENTS INTERNATIONAL TRADE GROSS DOMESTIC PRODUCT PRICES EMPLOYMENT WAGES ECONOMIC POLICY FISCAL POLICY MONETARY POLICY ECONOMIC TRENDS ECONOMIC INDICATORS |
| spellingShingle |
MACROECONOMIA CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO LIQUIDEZ INVERSION EXTRANJERA DIRECTA MOVIMIENTOS DE CAPITAL COMERCIO INTERNACIONAL PRODUCTO INTERNO BRUTO PRECIOS EMPLEO SALARIOS POLITICA ECONOMICA POLITICA FISCAL POLITICA MONETARIA TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC CONDITIONS ECONOMIC GROWTH LIQUIDITY FOREIGN DIRECT INVESTMENT CAPITAL MOVEMENTS INTERNATIONAL TRADE GROSS DOMESTIC PRODUCT PRICES EMPLOYMENT WAGES ECONOMIC POLICY FISCAL POLICY MONETARY POLICY ECONOMIC TRENDS ECONOMIC INDICATORS Preliminary Overview of the Economies of Latin America and the Caribbean 2019 |
| description |
This edition of the Preliminary Overview of the Economies of Latin America and the Caribbean is released amid an extremely complex economic and social context for the region. Latin America is showing a synchronized economic slowdown at the country and sector levels. In contrast to previous years, in 2019 growth in economic activity is slowing in 18 of the 20 countries of Latin America, and in 23 of the 33 countries of the Latin American and Caribbean region as a whole. The slackening of domestic demand has been accompanied by low aggregate external demand and more fragile international financial markets. Added to this scenario are the growing social demands and pressures to reduce inequality and improve social inclusion, which have emerged unusually forcefully in certain countries of the region.
The macroeconomic panorama of the last six years (2014–2019) shows a tendency towards slowing economic activity, with falls in per capita GDP, investment, per capita consumption and exports, and a sustained decline in the quality of employment. In these circumstances, the economies of Latin America and the Caribbean are set to grow at an average rate of 0.1% in 2019. Although the growth projections for 2020 show an improvement with respect to 2019, they remain subdued, with the countries expected to grow at an average rate of 1.3%.
If this projection is borne out, the seven years from 2014 to 2020 will have been the slowest economic growth period in 40 years. This comes in a global context of low growth and increasing vulnerability, with no significant positive catalysts expected. Coordinated, expansionary domestic economic policies are therefore needed to boost countries’ growth. The main economic policy challenge is preventing the region from falling into economic and social stagnation, while maintaining progress on macrofinancial stability and debt sustainability.
Despite the constraints on policy space today, most countries in the region —unlike in earlier periods— have historically low inflation and relatively large international reserves. Furthermore, most can still draw on international financial markets, amid historically low international interest rates. These conditions are amenable to the implementation of macroeconomic policies to stimulate aggregate demand. |
| author2 |
NU. CEPAL |
| author_facet |
NU. CEPAL |
| format |
Texto |
| title |
Preliminary Overview of the Economies of Latin America and the Caribbean 2019 |
| title_short |
Preliminary Overview of the Economies of Latin America and the Caribbean 2019 |
| title_full |
Preliminary Overview of the Economies of Latin America and the Caribbean 2019 |
| title_fullStr |
Preliminary Overview of the Economies of Latin America and the Caribbean 2019 |
| title_full_unstemmed |
Preliminary Overview of the Economies of Latin America and the Caribbean 2019 |
| title_sort |
preliminary overview of the economies of latin america and the caribbean 2019 |
| publisher |
ECLAC |
| publishDate |
2019 |
| url |
http://hdl.handle.net/11362/45001 |
| _version_ |
1718437168525869056 |
| spelling |
oai-11362-450012021-05-26T14:44:04Z Preliminary Overview of the Economies of Latin America and the Caribbean 2019 NU. CEPAL MACROECONOMIA CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO LIQUIDEZ INVERSION EXTRANJERA DIRECTA MOVIMIENTOS DE CAPITAL COMERCIO INTERNACIONAL PRODUCTO INTERNO BRUTO PRECIOS EMPLEO SALARIOS POLITICA ECONOMICA POLITICA FISCAL POLITICA MONETARIA TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS MACROECONOMICS ECONOMIC CONDITIONS ECONOMIC GROWTH LIQUIDITY FOREIGN DIRECT INVESTMENT CAPITAL MOVEMENTS INTERNATIONAL TRADE GROSS DOMESTIC PRODUCT PRICES EMPLOYMENT WAGES ECONOMIC POLICY FISCAL POLICY MONETARY POLICY ECONOMIC TRENDS ECONOMIC INDICATORS This edition of the Preliminary Overview of the Economies of Latin America and the Caribbean is released amid an extremely complex economic and social context for the region. Latin America is showing a synchronized economic slowdown at the country and sector levels. In contrast to previous years, in 2019 growth in economic activity is slowing in 18 of the 20 countries of Latin America, and in 23 of the 33 countries of the Latin American and Caribbean region as a whole. The slackening of domestic demand has been accompanied by low aggregate external demand and more fragile international financial markets. Added to this scenario are the growing social demands and pressures to reduce inequality and improve social inclusion, which have emerged unusually forcefully in certain countries of the region. The macroeconomic panorama of the last six years (2014–2019) shows a tendency towards slowing economic activity, with falls in per capita GDP, investment, per capita consumption and exports, and a sustained decline in the quality of employment. In these circumstances, the economies of Latin America and the Caribbean are set to grow at an average rate of 0.1% in 2019. Although the growth projections for 2020 show an improvement with respect to 2019, they remain subdued, with the countries expected to grow at an average rate of 1.3%. If this projection is borne out, the seven years from 2014 to 2020 will have been the slowest economic growth period in 40 years. This comes in a global context of low growth and increasing vulnerability, with no significant positive catalysts expected. Coordinated, expansionary domestic economic policies are therefore needed to boost countries’ growth. The main economic policy challenge is preventing the region from falling into economic and social stagnation, while maintaining progress on macrofinancial stability and debt sustainability. Despite the constraints on policy space today, most countries in the region —unlike in earlier periods— have historically low inflation and relatively large international reserves. Furthermore, most can still draw on international financial markets, amid historically low international interest rates. These conditions are amenable to the implementation of macroeconomic policies to stimulate aggregate demand. Executive summary .-- Chapter I. Global economic trends .-- Chapter II. Global liquidity .-- Chapter III. The external sector .-- Chapter IV. Economic activity .-- Chapter V. Domestic prices .-- Capítulo VI. Employment and wages .-- Capítulo VII. Macroeconomic policies .-- Chapter VIII. Challenges and prospects for Latin America and the Caribbean in 2020 .-- Statistical annex. 2019-12-12T13:06:15Z 2019-12-12T13:06:15Z 2019-12-12 Texto Documento Completo 9789211220353 http://hdl.handle.net/11362/45001 LC/PUB.2019/25-P 9789210047333 en Preliminary Overview of the Economies of Latin America and the Caribbean .pdf application/pdf application/epub+zip application/x-mobipocket-ebook application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC |