The Economic Commission for Latin America and the Caribbean (ECLAC) will present on Tuesday, October 6 its Economic Survey of Latin America and the Caribbean 2020: Main conditioning factors of fiscal and monetary policies in the post-COVID-19 era, the institution’s flagship annual economic report, which takes stock of the region’s economies in the last year, with special emphasis on the impact of the COVID-19 crisis, and examines the prospects for the coming months.
The latest edition of this document – published by the United Nations regional commission since 1948 – will present an analysis o…
Since April, tourism in the region has almost come to a temporary standstill as a result of the coronavirus disease (COVID-19) pandemic. This temporary paralysis has not only hit Caribbean economies and employment hard, but also many local communities in Latin America. Tourism accounts for half of services exports in Latin America and the Caribbean and represents significant shares of gross domestic product (GDP) and employment. An impact scenario shows that the slump in tourism may cause total GDP growth in the Caribbean and Latin America to fall by 8 percentage points and 1 percentage point,…
Following is the text of UN Secretary-General António Guterres’ video message to the Forum of Small States, in New York today:
Excellencies, ladies and gentlemen, I welcome this opportunity to address the Forum of Small States as you commemorate the founding of the United Nations in 1945. I thank the Government of Singapore for inviting me. I regret I cannot be with you in person because I must attend a previously scheduled meeting with the Global Investors for Sustainable Development.
Let me start by offering my condolences for the impact of the COVID-19 pandemic on your coun…
Desde abril de 2020, el turismo en la región se ha detenido temporalmente como resultado de la pandemia de la enfermedad por coronavirus (COVID-19). Esta parálisis no solo ha afectado duramente a las economías y el empleo del Caribe, sino también a muchas comunidades locales de América Latina. En este informe se examina la contribución del turismo a las exportaciones, el producto interno bruto (PIB) y el empleo, así como la reciente disminución de esta actividad en la región. Un escenario del impacto muestra que la caída del turismo podría llevar a una disminución del crecimiento del PIB total…