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Economic Survey of Latin America and the Caribbean, 2024: low-growth trap, climate change and employment trends
Latin America and the Caribbean is mired in a decades-long growth trap, and further hampered by global and regional conditions that limit the space for macroeconomic policies to spur economic growth in the region. The results of the Economic Survey of Latin America and the Caribbean, 2024 reveal weaker job creation, especially in the formal sector, with young people, women, older persons, migrants and rural dwellers among the most likely to be informal workers. In addition, an intensification of climate change effects will drastically reduce the number of jobs created in the medium term if mit…
SIDS 4: Now or never for small island survival
The Hummingbird Vol. 11 No. 9
Economic Survey of Latin America and the Caribbean, 2025: resource mobilization to finance development
Abstract…
CEPAL Review No. 143
The Hummingbird Vol. 11 No. 8
The Hummingbird Vol. 11 No. 7
Capital flows to Latin America and the Caribbean: first four months of 2024
Latin American and Caribbean issuers placed US$ 53 billion of bonds in international markets in the first four months of 2024. This total was 61.5% higher than in the same period in 2023. The market remained open to high-yield issuers from the region, but most of the region’s issuances (69%) came from the investment grade sector. After two consecutive years in which sovereign issuances surpassed the 50% mark, corporate bond issuances in the reporting period represented 58% of the total. The region issued US$ 13 billion in green, social, sustainability and sustainability linked bonds in interna…
Santiago Commitment. Accessible version
The Santiago Commitment was adopted at the fourteenth session of the Regional Conference on Women in Latin America and the Caribbean, organized by the Economic Commission for Latin America and the Caribbean (ECLAC), the Americas and the Caribbean Regional Office of the United Nations Entity for Gender Equality and the Empowerment of Women (UN-Women) and the Government of Chile, and held in Santiago from 27 to 31 January 2020.…
The Hummingbird Vol. 11 No. 6
Resilient growth, development and structural change in the Caribbean
The Hummingbird Vol. 11 No. 5
Fiscal Panorama of Latin America and the Caribbean, 2024: Fiscal policy for addressing the challenges of climate change
In 2023, the fiscal environment in Latin America and the Caribbean reflected deteriorating global and regional microfinancial conditions. Fiscal deficits widened in Latin America as tax collection weakened owing to lower aggregate demand and falling international commodity prices. In the Caribbean, primary surpluses increased on the back of primary spending cutbacks. Public debt in the region remained high and the rise in interest payments is exerting more pressure on fiscal accounts. Given the context of low economic growth and the increasing recognition of the key role that the public sector…
United States economic outlook: 2023 year-in-review and early 2024 developments
United States gross domestic product rose by 2.5% in 2023. The above-potential growth was driven by resilient consumers, supported by a strong labour market and receding inflation. In 2023, 3 million new jobs were added on an annual basis, and the unemployment rate was 3.7% at the end of December. Inflation was reduced by half relative to 2022, declining from an annual rate of 8% in 2022 to 4.1% in 2023. Cognizant of the strength of the U.S. economy, the Federal Reserve is nevertheless adopting a “wait and see” approach rather than declaring an immediate end to its monetary tightening cycle, w…
Building post-pandemic economic resilience by diversifying tourism: the case of Antigua and Barbuda, Saint Kitts and Nevis and Saint Lucia
Through a combination of primary and secondary research, this study sheds light on the effects of the pandemic on the tourism industries of the small island states of Antigua and Barbuda, Saint Lucia, and Saint Kitts and Nevis. Additionally, the study seeks to identify potential areas for niche market development to diversify the tourism sector in these destinations. Using a counterfactual analysis, visitor expenditure losses were estimated at over $7 billion over the period 2020 to 2022, among the three countries under review. The easing of restrictions on movement in 2021 and 2022 however al…