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Repercussions in Latin America and the Caribbean of the war in Ukraine: how should the region face this new crisis?

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Repercussions in Latin America and the Caribbean of the war in Ukraine: how should the region face this new crisis?

Autor institucional: NU. CEPAL Physical Description: 12 p. Editorial: ECLAC Date: June 2022

Description

This policy brief prepared by ECLAC examines the economic and social impact of the war in Ukraine on the region, and offers countries recommendations on how to address its effects. The document analyzes economic and social variables as well as the different sectors of the regional economy that have been affected by the armed conflict that began in February of this year, presenting policy proposals to mitigate its impact on the recovery process following the COVID-19 crisis, which the region is still undergoing. The report includes updated estimates on the increase in poverty and extreme poverty in Latin American and Caribbean countries in 2022.

Table of contents

A. Globalization is slowing: the succession
of crises has weakened the world’s production structure and its growth .-- B. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences between countries .-- D. Another setback in the fight against poverty and extreme poverty .-- E. Food security: a priority .-- F. Fossil fuels: united the region stands,
divided it falls .-- G. Policies for the short and long term.