15 Mayo 2025, 00:00 - 14 Oct 2025, 05:21
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Publicación
Latin American and Caribbean bond issuance in international markets amounted to US$ 121.8 billion in 2024, 36% higher than in 2023 and the strongest figure in three years. The average coupon rate, at 7.1%, was slightly above the 2023 level of 6.9%, indicating that financing costs remain elevated. Although the market was still open to high-yield issuers, investment grade bonds accounted for 57% of the region’s issuance.
In 2024, issuance of green, social, sustainability and sustainability-linked (GSSS) bonds on international markets climbed by 6% relative to 2023, to a total of US$ 33.1 billi…
20 Feb 2025, 00:00 - 14 Oct 2025, 05:21
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Publicación
Latin America and the Caribbean is mired in a decades-long growth trap, and further hampered by global and regional conditions that limit the space for macroeconomic policies to spur economic growth in the region. The results of the Economic Survey of Latin America and the Caribbean, 2024 reveal weaker job creation, especially in the formal sector, with young people, women, older persons, migrants and rural dwellers among the most likely to be informal workers. In addition, an intensification of climate change effects will drastically reduce the number of jobs created in the medium term if mit…
4 Mayo 2021, 00:00 - 14 Oct 2025, 05:21
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Publicación
The United States economy contracted by 3.5% in 2020 —the worst performance since the Second World War— but is currently expected to grow by an estimated 6.5% in 2021, the fastest pace in three decades. While there is optimism for the growth outlook this year and beyond, uncertainty and risks prevail.
The United States economic outlook: 2020 in review and early 2021 developments presents and analyses the developments in the United States economy in 2020 and early 2021, and examines how they could affect financial conditions in Latin America and the Caribbean. The report includes a gender focus…
These are the main highlights of the Capital Flows to Latin America, Third Quarter 2019 edition:
• International bond issuance from Latin America and the Caribbean (LAC) in the third quarter (Q3) of 2019 was US$ 39.3 billion. It was up 17% from the second quarter, and up 541% from the third quarter of 2018, and it was the highest third-quarter issuance since 2010.
• From January to October 2019, the region’s total bond issuance reached US$ 103 billion, 20% higher than in the same period in 2018.
• The three top issuers, sovereign and corporate issuance combined, accounted for 65% of the tota…
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…
1 Jun 2017, 00:00 - 14 Oct 2025, 05:21
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Publicación
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…
1 Mayo 2017, 00:00 - 14 Oct 2025, 05:21
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Publicación
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…
1 Ago 2013, 00:00 - 14 Oct 2025, 05:21
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Publicación
In the face of weak global growth in major export markets the Caribbean economies have underperformed. The situation is much more severe among service producers1 which have suffered the decline in tourist arrivals and offshore banking services. The goods producers have benefited from the commodity boom and have tended to show more robust growth. The expectations for 2013 are that growth will be positive in the region with the service producers growing at 1.5per cent and the goods producers at 3.6per cent. This performance will depend heavily on improved performances in the major export markets…
Using two standard cycle methodologies (Classical and Deviation Cycle) and a comprehensive sample of 83 countries worldwide, including all developing regions, we show that the Latin American and Caribbean cycle exhibits two distinctive features. First, and most importantly, its expansion performance is shorter and for the most par less imtense than that of the rest of the regions considered, and in particular than that of East Asia and the Pacific, East Asia and the Pacific's expansions last five years longer than those of LAC, and its output gain is 50% greater than that of LAC. Second,…
4 Abr 2012, 00:00 - 14 Oct 2025, 05:21
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Nota informativa
The UN General Assembly (UNGA) held a high-level thematic debate on "Addressing Excessive Price Volatility in Food and Related Financial and Commodity Markets," under the auspices of the President of the General Assembly and the Economic and Social Council.
The event was part of a UNGA resolution on excessive price volatility adopted on 14 February 2012, which called for policies to address long-term structural issues of the commodity economy and integrate commodity policies into wider development and poverty eradication strategies at all levels.
The resolution underscored the financial regula…
12 Oct 2010, 00:00 - 14 Oct 2025, 05:21
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Publicación
This report was prepared on the request of the Government of Jamaica following the declaration
of the state of emergency in the parishes of Kingston and St. Andrew. The Planning Institute of Jamaica
(PIOJ) recognized the need to have an objective analysis of the total effect of the event, and, so, be in a
better position to identify possible programmes and projects which may contribute to the redevelopment
of the affected area.
The assessment was carried out using the Economic Commission for Latin America and the
Caribbean (ECLAC) Damage and Loss Assessment (DaLA) methodology.
Baseline data fo…
6 Ene 2025, 00:00 - 14 Oct 2025, 05:21
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Publicación
The United States economy expanded at an annualized rate of 3.1% in the third quarter of 2024, above the economy’s long-term growth potential and the 3.0% growth recorded in the second quarter, driven primarily by consumer spending. The resilience of consumer spending has been supported by receding inflation and a robust labour market. Employment has increased for 47 consecutive months, but the labour market is softening. Progress in bringing down inflation has stalled over the past three months, with inflation rising from 2.4% in September 2024 to 2.7% in November. The Federal Reserve cut int…
14 Oct 2024, 00:00 - 14 Oct 2025, 05:20
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Publicación
The United States economy expanded at an annualized rate of 3.0% in the second quarter of 2024 —more than double the 1.4% GDP growth recorded in the first quarter and well above the economy’s long-term growth potential—, driven primarily by consumer spending. The resilience of consumer spending has been supported by receding inflation and a robust labour market. Inflation slowed to 2.5% in August 2024, the lowest level in more than three years. Employment has increased for 44 consecutive months, but the labour market is softening. The Federal Reserve announced an interest rate cut of 0.50% in …
23 Nov 2022, 00:00 - 14 Oct 2025, 05:21
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Publicación
The United States has witnessed historic inflation since the economy began to reopen in 2021 following the lockdowns triggered by the coronavirus disease (COVID-19) pandemic. The United States economic outlook: inflation trends post COVID-19 looks at the forces behind this surge in prices and the trade-offs and risks for the policy response. The report examines inflation trends and drivers, as well as labour market trends since the economy reopened; economic policies implemented by the United States in response to the pandemic, and more recently to inflation; and the possible impact of these p…
21 Mayo 2020, 00:00 - 14 Oct 2025, 05:21
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Publicación
Highlights
• In the first quarter of 2020, the spread of the coronavirus, together with a precipitous decline in commodity prices, radically changed the financial landscape for Latin American and Caribbean (LAC) issuers. After a record breaking issuance of US$ 38 billion worth of bonds in January, bond issuance dried-up in February and March, bringing total quarterly issuance to US$ 45 billion.
• On March 26, however, Panama successfully placed a sovereign bond in cross-border markets to secure additional resources to combat the COVID-19 pandemic. It was followed in April by other four soverei…
Highlights
• In the third quarter of 2019, the U.S. economy grew at a 2.1% annualized rate. Growth was driven by consumer and government spending, and a buildup in inventories.
• The third quarter of 2019 was the 41st consecutive quarter of growth and November the 125th month of consecutive growth for the U.S. economy. The current expansion is the longest on record.
• The Federal Open Market Committee (FOMC) cut the federal funds rate three times this year, in July, September and October, due to slowing global growth and trade uncertainty, contributing to diminish recession fears. Federal Rese…
This report presents a description of trade flows between the U.S. and Latin American and the Caribbean. The region has been one of the fastest-growing regional trading partners for the United States, with Mexico becoming its number one trading partner in March 2019. The document also contains a summary of the main findings of the United States International Trade Commission on the potential economic effects of the USMCA on the U.S. economy, highlights of developments in the trade relationship between the United States and China, and measures that inhibit the free flow of trade. In addition, t…
27 Ago 2018, 00:00 - 14 Oct 2025, 05:21
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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…
The total amount of debt issued by LAC borrowers from January to November 2017 reached US$ 138 billion, the highest annual amount ever issued in the region. Investors’ enthusiasm for LAC assets was supported by synchronized growth at the global level, still low interest rates across de globe (with only a very gradual tightening in the United States), weakness in the U.S. dollar, and an improvement in the region’s own economic conditions. On the sovereign side, seventeen countries tapped international bond markets this year, with Argentina topping the list with 28% of the total sovereign issuan…