Lanzamiento informe Estudio Económico de América Latina y el Caribe 2017

Estudo Econômico da América Latina e do Caribe 2017: A dinâmica do ciclo econômico atual e
os desafios de política para dinamizar
o investimento e o crescimento. Documento informativo

Em sua edição número 69, que corresponde a 2017, o Estudo Econômico da América Latina e do Caribe consta de três partes. A primeira resume o desempenho da economia regional durante 2016 e analisa a evolução durante os primeiros meses de 2017, bem como as perspectivas para o ano em seu conjunto. Examina os fatores externos e internos que incidiram no desempenho econômico da região e destaca alguns dos desafios para as políticas macroeconômicas num contexto externo caracterizado por uma modesta aceleração do crescimento econômico e do comércio global e uma persistente incerteza, que é resultado …

O Investimento Estrangeiro Direto na América Latina e no Caribe 2017. Documento informativo

Esta publicação apresenta e analisa as principais tendências do investimento estrangeiro direto (IED) nos países da América Latina e do Caribe. A edição de 2017 mostra a região em uma difícil conjuntura. As entradas de IED diminuíram 7,9% em 2016, para 167,043 bilhões de dólares, cifra que representa uma queda acumulada de 17,0% em relação ao nível máximo de 2011. A queda dos preços das matérias-primas continua afetando os investimentos que buscam recursos naturais, o lento crescimento da atividade econômica em várias economias freou a chegada de capitais em busca de mercados e o cenário globa…

Capital Flows to Latin America and the Caribbean: Recent Developments

This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (first half of 2017) concerning capital flows to Latin America and the Caribbean.…

Who borrows to accumulate assets? Class, gender and indebtedness in Ecuador’s credit market

This article examines the propositions that wealth inequality supports credit market segmentation and that the financial system may reproduce economic inequality. Specifically, we discuss how the sources of credit and the purposes of borrowing may help perpetuate inequality. In Ecuador, the asset-poor are more likely than the asset-rich to borrow from the informal sector for expense purposes and to have higher debt-to-net-wealth ratios. We also investigate the correlates of borrowing by men and women to acquire assets and show that the main factor associated with holding asset debt for both me…

¿Quién obtiene préstamos para acumular activos? Clase, género y endeudamiento en el mercado crediticio del Ecuador

En el presente artículo se examinan los planteos de que la desigual distribución de la riqueza explica la segmentación del mercado crediticio y que el sistema financiero puede reproducir la desigualdad económica. En particular, examinamos de qué modo las fuentes del crédito y la finalidad de los préstamos pueden contribuir a perpetuar la desigualdad. En el Ecuador, las personas pobres en activos tienen más probabilidades que las personas ricas en activos de obtener préstamos en el sector informal y de utilizar estos préstamos para pagar sus gastos en vez de invertirlos en activos. También es m…

CEPAL Review no. 122

Revista CEPAL no. 122

Centroamérica y la República Dominicana: evolución económica en 2016 y perspectivas para 2017. Estudio Económico

En el presente documento se analiza la evolución de las economías de Centroamérica (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua y Panamá) y la República Dominicana (CARD) en 2016, y se hace un examen de los primeros meses de 2017 y las perspectivas para el resto del año, sobre la base de información disponible al 30 de junio de 2017. Es un análisis de coyuntura elaborado por la Unidad de Desarrollo Económico (UDE) de la Sede Subregional de la Comisión Económica para América Latina y el Caribe (CEPAL) en México. El documento ofrece una actualización de la versión publicada en febrer…

U.S. Economic Outlook: Quarterly developments

In the first quarter of 2017, the U.S. economy grew at an annualized rate of 1.4%. Fixed investment was the main driver of growth, while inventories were a large drag. Consumer spending slowed significantly from its pace in previous quarters, but still accounted for about half of GDP growth in the first quarter. · U.S. employers added a seasonally adjusted 1,079,000 jobs during the first six months of 2017, the weakest first-half performance since 2010, according to data the Labor Department. · Productivity was flat in the first three months of the year. Slumping productivity gains have led to…

The Hummingbird Vol.4 No.6

The use of high-frequency indicators in short-term forecasting models: The case of Latin American and Caribbean countries

The importance of sound and accurate early estimates of economic activity is of utmost importance to national economic authorities at the time of the decision-making process, and to the various agents involved in the economic analysis and follow up of the short-term economic prospects. In this context, the availability of short-term forecasts for quarterly GDP growth rates becomes highly relevant. In Latin America and the Caribbean an increasing amount of countries is producing high frequency economic data, and there has been an increasing interest by national authorities to use this data to i…

Micro-macro interactions, growth and income distribution revisited

The international economy is marked by major asymmetries in technological capabilities and power, both at the domestic and international levels —a point emphasized by the structuralist tradition. These asymmetries strongly affect economic outcomes and place major constraints on economic policy. This working paper discusses how the microeconomics of learning interacts with structural change and the evolution of aggregate demand to generate either virtuous paths of economic development or vicious circles of underdevelopment and lagging behind. Some implications of these growth paths for the inte…

Preliminary overview of the economies of the Caribbean 2016-2017

The Preliminary Overview of the Economies of the Caribbean analyzes in its 2016-2017 edition the economic performance of the region throughout 2016, the international context and macroeconomic policies implemented by countries, while also providing an outlook for 2017. The Caribbean recorded economic growth of only 0.8 per cent in 2016 but growth is expected to rebound to 2.4 per cent in 2017. The poor performance observed in 2016 was primarily due to a 3.7 percent contraction in the goods producing economies, which were hard hit by the decline in commodity prices in general and hydrocarbons i…

Capital Flows to Latin America and the Caribbean: Recent developments

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 2017) concerning capital flows to Latin America and the Caribbean. The main highlights are: - 2017 started with the highest monthly issuance on record for Latin America and the Caribbean (LAC)’s cross-border bond market, with total issuance reaching US$ 24.2 billion in January. Petrobras led the way, issuing a US$ 4 billion dual-tranche bond on January 9, encouraging other issuers to come to the market. - Although…

Employment Situation in Latin America and the Caribbean: Labour immigration in Latin America

Employment situation in Latin America and the Caribbeanis a twice-yearly report prepared jointly by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC) and the Office for the Southern Cone of Latin America of the International Labour Organization (ILO). The present edition analyzes the labour market performance in Latin America and the Caribbean in 2016 and labour immigration in Latin America.…

Coyuntura Laboral en América Latina y el Caribe: la inmigración laboral en América Latina

El informe Coyuntura Laboral en América Latina y el Caribe es una publicación semestral elaborada en forma conjunta por la División de Desarrollo Económico de la Comisión Económica para América Latina y el Caribe (CEPAL) y la Oficina para el Cono Sur de América Latina de la Organización Internacional del Trabajo (OIT). En la presente edición se analiza el desempeño de los mercados laborales de América Latina y el Caribe en 2016 y temas relacionados con la inmigración laboral en América Latina.…

Consensos y conflictos en la política tributaria de América Latina

En este libro se destaca la importancia de la política tributaria como instrumento de desarrollo en los países de América Latina. A lo largo de esta publicación pueden identificarse una serie de consensos y conflictos que conviven en torno al diseño y la implementación de los diferentes tributos en cada país. Si bien los consensos —como la necesidad de asegurar pactos que garanticen un nivel estable de ingresos tributarios que produzcan distorsiones mínimas en la asignación de recursos— pueden parecer logros afianzados y generalizados, mucho es lo que falta para conciliar la política tributari…

U.S. Economic Outlook: Seven years of steady but tepid growth

The U.S labor market is tight and is expected to return to full employment in 2017. However, productivity has risen less than 1% for six consecutive years. Sluggish productivity has implications for wage growth, which has been low by historical standards during this economic recovery. Wage growth seems to be already picking up, though, as the economy continues to advance. Average hourly earnings for private-sector workers rose 2.9% in December 2016 from a year earlier. That was the strongest growth of the current expansion. Inflation has been low for the past four years. However, as the expans…

Disasters, economic growth and fiscal response in the countries of Latin America and the Caribbean, 1972-2010

The aim of this study is to estimate the impact of geological and climate-related disasters on the per capita growth rates of gross domestic product (GDP) and fiscal expenditure in Latin American and Caribbean countries. The results show that the effects vary by type of disaster and by subregion. In the Caribbean countries, the per capita GDP growth rate has typically responded negatively to climate disasters, whereas the response to a geological disaster has generally not been statistically significant. In Central American countries, the response of the per capita GDP growth rate was found to…