The Economic Commission for Latin America and the Caribbean (ECLAC) will release next Tuesday, September 5 its Economic Survey of Latin America and the Caribbean, 2023. Financing a sustainable transition: investment for growth and climate change action, one of the institution’s flagship annual economic reports in which it takes stock of the region’s economies in recent months and updates its growth estimates for each country.
This document is the United Nations regional commission’s oldest periodic publication, with its first edition having been presented in 1948, the same year in which ECLAC was founded. Now, in its 75th edition corresponding to 2023, it summarizes the performance of the region’s economy and analyzes its evolution this year. In addition, exceptionally, it will provide ECLAC’s first 2024 growth projections for Latin American and Caribbean countries.
In addition to examining the region’s macroeconomic situation, the second part of the Economic Survey 2023 addresses the role of investment for growth and climate change action, along with the financing of a sustainable transition.
The report – which is prepared each year by ECLAC’s Economic Development Division – will be presented during a hybrid (in-person and virtual) press conference at the organization’s central headquarters in Santiago, Chile at 11 a.m. local time (UTC/GMT -3), led by its Executive Secretary, José Manuel Salazar-Xirinachs.
Members of the media are invited to participate in this press conference, which will be held in ECLAC’s building (Av. Dag Hammarskjöld 3477, Vitacura, Santiago, Chile, Celso Furtado conference room). Journalists must have their media credentials or IDs with them to gain entry and must get accredited in advance by sending an email to prensa@cepal.org.
The press conference will also be transmitted live via Zoom at the following link:
https://cepal-org.zoom.us/webinar/register/WN_biZYtUEtRnOil5WdytUPEg
Those journalists interested in participating virtually must register in advance. They will receive an automated email with instructions for joining.
The press conference will also be transmitted online via the institution’s website, at https://live.cepal.org/ and on its social media accounts on Twitter (@cepal_onu) and Facebook (https://www.facebook.com/cepal.onu). Journalists are requested to submit their questions by email ahead of time to conferenciaprensa@cepal.org, and ECLAC’s experts will respond to them during the presentation of the document. Questions will only be taken until 11:30 a.m. local time.
According to the report, the countries of Latin America and the Caribbean will continue to face a very complex economic and social scenario. It is forecast that low economic and international trade growth will persist and that despite declines in inflation, high interest rates and lower global liquidity will continue, which entail high financing costs for the region. In this context, it is expected that growth will remain low for the region’s economies in 2023 and 2024, with limited fiscal space to address growing demands for social expenditures and investment. The second part of the document examines the impact of climate shocks on growth and public debt dynamics, along with investment and financing challenges for tackling climate change. The detailed figures that flesh out these realities will be unveiled during the launch.
As usual, the Economic Survey will include individual notes on the economic performance of each Latin American and Caribbean country in 2022 and the first half of 2023, along with their respective statistical annexes, which will be available on ECLAC’s website (www.cepal.org). The information in these individual country notes will be updated to July 30, 2023.
The full electronic version of this new annual report by ECLAC, along with a press release and the Executive Secretary’s presentation of its main conclusions (in PDF), will be made available on ECLAC’s website on Tuesday, September 5, as soon as the press conference has concluded.
What: Press conference to launch ECLAC’s flagship annual report Economic Survey of Latin America and the Caribbean, 2023. Financing a sustainable transition: investment for growth and climate change action.
Who: José Manuel Salazar-Xirinachs, ECLAC’s Executive Secretary, and Commission experts in charge of preparing the report.
When: Tuesday, September 5, 2023, 11:00 a.m. local time in Chile (UTC/GMT -03:00).
Where: ECLAC’s headquarters (Av. Dag Hammarskjöld 3477, Vitacura, Santiago, Chile, Celso Furtado conference room).
Also by virtual connection via the Zoom platform (prior registration required):
https://cepal-org.zoom.us/webinar/register/WN_biZYtUEtRnOil5WdytUPEg
And on ECLAC’s website and at https://live.cepal.org/.
For queries and to arrange interviews, contact ECLAC’s Public Information Unit. Email: prensa@cepal.org; Telephone: (56) 22210 2040.
