Highlights:
-In the third quarter of 2018, the U.S. economy grew at an annualized rate of 3.5% after rising 4.2% in the second quarter. Growth remained strong, but its composition deteriorated, as inventories accounted for almost two-thirds of the growth. Growth was led by consumer spending, which contributed 2.45% to growth, down from 2.6% in the second quarter, and inventories, which contributed 2.3%.
-U.S. employers added 2,268,000 jobs from January to November 2018, more jobs than in 2017.
Unemployment rate held steady at 3.7% at the end of November, the lowest level since 1969, while year…
Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed for this task and must be complemented with private flows, which in fact make up the bulk of the region’s external financing. The credit quality of the sovereigns in the region has an important role in determining how costly the access to private external financing can be.
This report examines the his…
31 Ene 2018, 00:00 - 14 Oct 2025, 18:02
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Publicación
This paper examines the genesis and evolution of debt and debt overhang in the Caribbean with individual case studies, to extract lessons and make broad recommendations with regard to appropriate mechanisms and policy measures that can be implemented to reduce the debt burden of the subregion. The econometric model utilized in the paper has shown that a one percent increase on debt to GDP ratio causes a 0.015decline in real GDP growth for the countries in the Caribbean panel, suggesting that debt has a pernicious effect on growth on Caribbean economies. What is even more worrisome was that Car…
27 Ago 2018, 00:00 - 14 Oct 2025, 18:10
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Publicación
This book compiles and adapts different chapters written by the author during the last decades on the topic of Caribbean development. On the one hand, the document provides the reader with the opportunity to travel in time acknowledging the evolution of academia, paradigms, and frameworks regarding the Caribbean. On the other hand, it shows the reader how many of the action plans and strategies suggested through the years are still relevant and how many of the challenges and structures of Caribbean nations have not changed radically over the years, once again stressing the urgent need for acti…
This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (first quarter of 2018) concerning capital flows to Latin America and the Caribbean.
The main highlights are:
-In January 2018, issuers from Latin America and the Caribbean (LAC) placed their highest ever monthly volume of debt in international markets. First quarter debt issuance in international markets also broke a record.
-From January to May 2018, total LAC international debt issuance amounted to US$ 67 billion, 6% higher than…
20 Dic 2018, 00:00 - 14 Oct 2025, 18:10
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Nota informativa
The U.S. economic expansion, which is in its tenth year, is approaching record length but not strength. November marked the 113th month of growth for the U.S. economy, and there have been 38 consecutive quarters of growth. This is the second longest expansion on record, only the 1991-2001 expansion is longer, and it is expected to continue into next year and become the longest on record.…
31 Ene 2018, 00:00 - 14 Oct 2025, 17:59
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Publicación
This study is intended to be exploratory in nature. It seeks a better understanding of i) how the OMU cluster emerged; ii) the characteristics of the offshore medical universities in the Caribbean cluster; iii) the contribution of the offshore medical universities to the economy of the host Caribbean countries; and iv) the prospects for enhancing the educational quality, and value added captured by the Caribbean in the medical value chain.…
13 Feb 2018, 00:00 - 14 Oct 2025, 18:04
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Publicación
The U.S. economic expansion remains on track and it has entered its ninth year. January marked the 103th month of growth for the U.S. economy. By May, the current economic expansion will become the second longest on record.1 The unemployment rate sits at 4.1%, the lowest level since December 2000, suggesting the economy has reached, or nearly reached, full capacity.…
La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, destacó en París, Francia, que la iniciativa propuesta por China sobre la Franja y la Ruta (conocida como BRI por sus siglas en inglés, de Belt and Road Initiative) podría ser una importante oportunidad para impulsar inversiones inclusivas y sostenibles.
Bárcena realizó este viernes 7 de diciembre una presentación en el cuarto Foro de la Ruta de la Seda (Silk Road Forum), realizado en la capital francesa por el Centro Chino para el Conocimiento Internacional sobre el Desarrollo (CIKD, por …
20 Abr 2018, 00:00 - 14 Oct 2025, 18:04
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Comunicado de prensa
Representantes de 28 países de América Latina y el Caribe, 35 organizaciones no gubernamentales, organismos especializados intergubernamentales y agencias del sistema de las Naciones Unidas, y más de 300 miembros del sector privado, academia y sociedad civil, finalizaron hoy en la sede de la CEPAL en Santiago de Chile la segunda reunión del Foro de los Países de América Latina y el Caribe sobre el Desarrollo Sostenible con el compromiso renovado de redoblar esfuerzos en la inclusión de todos los sectores involucrados -público, privado y sociedad civil- para avanzar en el logro de los objetivos…
18 Abr 2018, 00:00 - 14 Oct 2025, 18:09
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Noticias
Recorrer el camino hacia un nuevo estilo de desarrollo, más sostenible, requiere de una mirada y una labor política, un sistema multilateral abierto y sólido y coaliciones e instituciones para la promoción de políticas a escala mundial, regional, nacional y local, afirmó Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL).
La máxima representante del organismo regional de las Naciones Unidas presentó hoy el Informe anual sobre el progreso y los desafíos regionales de la Agenda 2030, en el marco de la segunda reunión del Foro de los países de A…
23 Mar 2018, 00:00 - 14 Oct 2025, 18:00
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Publicación
La presente edición del Panorama Fiscal de América Latina y el Caribe coincide con un importante hito: el trigésimo aniversario del Seminario Regional de Política Fiscal de la CEPAL. Durante los últimos 30 años, este seminario ha sido un evento central en la agenda regional para la discusión de la política fiscal. A lo largo de estas tres décadas, en sus diferentes ediciones, el seminario ha servido como foro de debate entre autoridades nacionales, expertos fiscales y funcionarios de organismos internacionales acerca del desempeño, los desafíos y las oportunidades de la política fiscal, y ha e…
19 Abr 2018, 00:00 - 14 Oct 2025, 18:10
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Noticias
Empresarios de grandes compañías y representantes del mundo de los negocios en América Latina y el Caribe, se reunieron hoy en la CEPAL con autoridades de gobiernos y expertos internacionales para evaluar la participación del sector privado en el cumplimiento de los Objetivos de Desarrollo Sostenible (ODS), acordados por las Naciones Unidas en su Agenda 2030 para el Desarrollo Sostenible.
Durante la segunda reunión del Foro de los Países de América Latina y el Caribe sobre el Desarrollo Sostenible, que se realiza en la sede de la CEPAL en Santiago de Chile, los participantes en la reunión “El …
31 Ene 2018, 00:00 - 14 Oct 2025, 18:00
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Publicación
This study examines the impact of de-risking on the study countries—bank and non-bank sectors. The study approach is based on survey instruments, consultations and analysis of secondary data. The impacts that have been observed, to date, have generally been discounted in most analysis as “anecdotal” and not valid for “reliable inference”1. However, in small economies such as those in this study what is anecdotal may be indeed reasonable for inference. The typically small number of banks as well as their dominance in the financial sectors of these small states suggests that reduced banking serv…
31 Ene 2018, 00:00 - 14 Oct 2025, 18:10
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Publicación
This study focuses on the identification of the challenges and capacity constraints faced by enterprises in the sub-region in exploiting trade opportunities provided by Free Trade Agreements (FTAs) and Partial Scope Agreements (PSAs). It concentrates on the goods sector and case studies for Belize, Suriname, and Trinidad and Tobago, and seeks to develop a strategic framework aimed at addressing these challenges and constraints, thereby creating a platform for economic diversification and export expansion. It explores the recent trade performance of the countries in question under selected trad…
This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (third quarter of 2018) concerning capital flows to Latin America and the Caribbean.
The main highlights are:
The Latin America and Caribbean (LAC) region has seen the best and the worst conditions for tapping international capital markets this year. In January 2018, issuers from the region placed their highest ever monthly volume of debt in international markets: US$ 32 billion. First quarter debt issuance in international markets…
23 Ene 2018, 00:00 - 14 Oct 2025, 18:10
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Noticias
Experts across the region agree that there is significant potential for strengthening the economic contribution of the music and film industries in Jamaica and the wider Caribbean. However, this can only be fully realized by learning from industry success factors and, more importantly, by addressing existing constraints.
These findings emerged from a newly published study from the Economic Commission for Latin America and the Caribbean (ECLAC) on “The Film and Music Sectors in Jamaica: Lessons from Case Studies of Successful Firms/Ventures”.
Success factors in the Caribbean’s m…
13 Jul 2018, 00:00 - 14 Oct 2025, 18:02
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Columna de opinión
El Foro Político de Alto Nivel que se desarrolla en la sede de las Naciones Unidas en Nueva York, entre el 9 y el 18 de julio, invita a los países miembros a presentar sus avances en la implementación de la Agenda 2030 para el Desarrollo Sostenible, adoptada en 2015, e intercambiar experiencias en la construcción de sociedades más resilientes. Con este objetivo, el Foro este año se enfoca principalmente en cinco de los 17 Objetivos de Desarrollo Sostenible (ODS) cuya implementación contribuye a fortalecer la resiliencia económica, social y ambiental.
Avanzar hacia sociedades más resilientes e…
Liu Zhenmin, the United Nations Under-Secretary-General in charge of the Department of Economic and Social Affairs (DESA), met today with the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, and the directors of all the Commission’s divisions, in the framework of his visit to Chile.
During the meeting, both UN entities reaffirmed the cooperation ties that unite them and renewed their pledge to continue working together to help the global organization’s member countries to advance on fulfilling the 2030 Agenda and its 17 Sustainable Dev…
The distinguished US Economics Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute (in Santa Fe, New Mexico), Samuel Bowles, will give a keynote lecture at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, next Tuesday, March 13.
In the framework of a visit to Chile, Professor Bowles will offer a talk entitled “The Origins and Future of Economic Inequality: Institutions, Technology and Politics” at 11 a.m. in ECLAC’s Raúl Prebisch conference room. He will be welcomed by the Executive Secretary of the Unit…