The United States economy expanded by 5.7% in 2021, the strongest annual growth since 1984, but in a sharp reversal it contracted 1.5% in the first quarter of 2022. Although the overall economy is expected to resume modest growth in the second quarter of 2022 and beyond owing to robust consumer spending and a strong labour market, risks to the economic outlook are rising. Inflation is at a 40-year high, and the Federal Reserve is raising interest rates at the most aggressive pace since the 1980s.
The United States economic outlook: 2021 year-in-review and first quarter of 2022 presents and ana…
The Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO) released a new joint report today indicating that, in a context in which the region’s economies grew 6.6% in 2021, the region’s main labor indicators also improved, most notably with growth in employment and in the labor force participation rate and a decline in the unemployment rate. However, the recovery in employment has been slow, partial and uneven.
In No. 26 of their joint report, entitled Employment Situation in Latin America and the Caribbean. Real wages during the pandem…
La Comisión Económica para América Latina y el Caribe (CEPAL) y la Organización Internacional del Trabajo (OIT) dieron a conocer hoy un nuevo informe conjunto en el cual señalan que, en un contexto en que las economías de la región crecieron en 2021 un 6,6%, los principales indicadores laborales de la región también registraron mejoras, entre las que se destacan el crecimiento del empleo y de la tasa de participación laboral, y el descenso de la tasa de desocupación. Sin embargo, la recuperación del empleo ha sido lenta, incompleta y desigual.
En el N⁰ 26 de su publicación conjunta Coyuntura …
A Comissão Econômica para a América Latina e o Caribe (CEPAL) e a Organização Internacional do Trabalho (OIT) divulgaram um novo relatório conjunto no qual assinalam que, num contexto em que as economias da região cresceram 6,6% em 2021, os principais indicadores de trabalho da região também registraram melhorias, entre as quais se destacam o crescimento do emprego e da taxa de participação no mercado de trabalho e a queda da taxa de desocupação. No entanto, a recuperação do emprego foi lenta, incompleta e desigual.
No nº 26 de sua publicação conjunta Conjuntura laboral na América Latina e no …
The Economic Commission for Latin America and the Caribbean (ECLAC) released a new policy brief today that analyzes the war in Ukraine’s economic and social effects on the region and provides recommendations to countries on how to address them. According to the United Nations regional organization, the region’s economies face a difficult scenario in 2022 in an external context of uncertainty, inflation (particularly in food and energy), and a deceleration of economic activity and trade.
According to ECLAC’s report entitled Repercussions in Latin America and the Caribbean of the war in Ukraine:…
La Comisión Económica para América Latina y el Caribe (CEPAL) entregó hoy un nuevo informe especial en donde se analizan los impactos económicos y sociales de la guerra en Ucrania en la región, y entrega recomendaciones a sus países sobre cómo enfrentarlos. Según el organismo regional de las Naciones Unidas, las economías de la región enfrentan una coyuntura difícil en 2022 en un contexto externo de incertidumbre, inflación (en especial de alimentos y energía) y desaceleración de la actividad económica y el comercio.
Según el informe de la CEPAL titulado Repercusiones en América Latina y el C…
A Comissão Econômica para a América Latina e o Caribe (CEPAL) entregou hoje um novo relatório especial no qual se analisam os impactos econômicos e sociais da guerra da Ucrânia na região, e se oferecem recomendações aos países sobre como enfrentá-los. Segundo o organismo regional das Nações Unidas, as economias latino-americanas e caribenhas enfrentam uma conjuntura difícil em 2022, num contexto externo de incerteza, inflação (especialmente em alimentos e energia) e desaceleração da atividade econômica e do comércio.
De acordo com o relatório da CEPAL titulado Repercussões na América lat…
Presentación de Mario Cimoli, Secretario Ejecutivo Interino de la CEPAL, del informe Repercusiones en América Latina y el Caribe de la guerra en Ucrania: ¿cómo enfrentar esta nueva crisis?…
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 povert…
Este informe especial de la CEPAL examina el impacto económico y social de la guerra en Ucrania en la región y entrega recomendaciones a los países sobre cómo enfrentar sus efectos. El documento analiza las distintas variables económicas y sociales, así como los diferentes sectores de la economía regional que se han visto afectados por el conflicto bélico que comenzó en febrero de este año, y presenta propuestas de política para mitigar sus impactos en el proceso de recuperación poscrisis del COVID-19 que aún enfrenta la región. Incluye estimaciones actualizadas del aumento de la pobreza y la …
The COVID-19 pandemic was an economic shock in 2020 that led to a significant fall in aggregate demand around the world, as countries implemented different strategies (including the closure of borders) to slow the spread of the disease. The following year saw economies begin to reopen as restrictions were lifted, following widespread distribution of COVID-19 vaccines, and a reduction in mortality rates.…
The economies of the subregion were hard hit by the COVID-19 pandemic, particularly those dependent on travel and tourism. The decisions now to be made by policy makers will determine if the countries are able to achieve the SDGs by 2030. They must decide whether to choose the business-as-usual path, or the path of structural transformation of their economies and societies.…
This overview examines the economic performance of economies of the Caribbean in 2020 and comprises four chapters. The first chapter provides a comparative analysis across Caribbean economies of the main macroeconomic variables, namely GDP growth, monetary indicators, as well as fiscal and external accounts. The second chapter looks at areas of focus in the Caribbean. The third chapter concludes, while the annex includes individual country briefs that give an overview of the economic situation for the Bahamas, Barbados, Belize, Guyana, Jamaica, Suriname and a subregional assessment of the coun…
El objetivo de este estudio es contribuir a la discusión sobre la viabilidad y el alcance potencial de aumentar sustancialmente las percepciones de los trabajadores con menores ingresos. Para ello, se lleva a cabo un conjunto de simulaciones con la matriz de insumo-producto que permiten evaluar el impacto en las variables económicas (PIB, empleo, inflación e importaciones intermedias) del aumento del salario mínimo. El análisis muestra indicaciones muy favorables sobre la viabilidad del crecimiento con redistribución del ingreso en México, movido esencialmente por el mercado interno de consumo…
The economies of Latin America and the Caribbean face a complex juncture in 2022 due to the war between Russia and Ukraine, which ushers in a new source of uncertainty for the world economy. This is negatively affecting global growth, now estimated at 3.3%, a percentage point below original projections before the hostilities began. At the regional level, lower expected growth will be accompanied by higher inflation and slow employment recovery.
According to new estimates released today by the Economic Commission for Latin America and the Caribbean (ECLAC) in this press release, average growth…
Las economías de América Latina y el Caribe enfrentan una coyuntura compleja en el 2022 debido al conflicto bélico entre Rusia y Ucrania, que abrió una nueva fuente de incertidumbre para la economía mundial y está afectando negativamente el crecimiento global, estimado en 3,3%, un punto porcentual menos de lo que se proyectaba antes del inicio de las hostilidades. En el ámbito regional, el menor crecimiento esperado se verá acompañado por una mayor inflación y una lenta recuperación del empleo.
Según nuevas estimaciones entregadas hoy por la Comisión Económica para América Latina y el Caribe (…
As economias da América Latina e do Caribe enfrentam uma conjuntura complexa em 2022 devido ao conflito bélico entre Rússia e Ucrânia, que abriu uma nova fonte de incerteza para a economia mundial e está afetando negativamente o crescimento global, estimado em 3,3%, um ponto percentual a menos do que foi projetado antes do início das hostilidades. No âmbito regional, o menor crescimento esperado será acompanhado por uma maior inflação e uma lenta recuperação do emprego.
De acordo com as novas estimativas divulgadas hoje pela Comissão Econômica para a América Latina e o Caribe (CEPAL) por meio …
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