United States economic outlook: third quarter of 2022 The United States economy rose 2.9% in the third quarter of 2022, a sharp turnaround following two quarters of contraction. Here is the economic outlook in five charts:…
The economies of the subregion were hard hit by the COVID-19 pandemic, particularly those dependent on tourism. As a result, the Caribbean has seen a reversal of the hard-won gains achieved in growing their economies and reducing unemployment and inequality. The inflation stemming from pandemic supply chain disruption, which has been exacerbated by the war in Ukraine, has made the sustained uptick in economic performance beyond pre-pandemic levels unlikely, notwithstanding strong growth estimates for 2021 and 2022. The last two years have taught the region that continued ‘business as usual’ is…
After breaking an annual record in 2021, total Latin American and Caribbean (LAC) bond issuance in international markets has slowed considerably in 2022.…
En 2022, los países de América Latina y el Caribe enfrentan los efectos de una serie de choques que han deteriorado sus condiciones de inversión y producción, entre ellos la crisis financiera global, las tensiones económicas entre grandes polos de la economía mundial, la pandemia de COVID-19, la guerra en Ucrania y el resurgimiento de la inflación, en un contexto en el que se agudiza la emergencia ambiental y se acelera la revolución tecnológica. Numerosos analistas y organismos internacionales hablan de una serie de crisis en cascada entre las que se citan crisis climática, de salud, de emple…
Convened by ECLAC Caribbean, and hosted by the Government of Suriname, the CDR was officially opened by the outgoing Chair, Minister of Foreign Affairs, Saint Vincent and the Grenadines, Keisal Peters. The meeting was held at the Royal Torarica Hotel, in Paramaribo, Suriname. The Roundtable, Minister Peters said, was conceived as a forum to discuss critical issues that pose fundamental challenge to development in the Caribbean, and to explore solutions that will ultimately support inclusive growth and better living standards for our people, while protecting our environment. Reflecting …
What: Twenty-ninth (29) session of the Caribbean Development and Cooperation Committee. When: 14 October 2022 (Opening ceremony at 9 am). Where: The Royal Torarica Hotel, Kleine Waterstraat 10, Paramaribo, Suriname. Background Information Caribbean Development and Cooperation Committee (CDCC) Member Countries and Associate Members will convene for the 29th Session. Pursuant to resolution 358(XVI) of 1975, the CDCC was created as a permanent subsidiary body of the Economic Commission for Latin America and the Caribbean (ECLAC), to promote development cooperation among Caribbean countrie…
Regional integration and solidarity are essential to confront the growing global asymmetries and disparities between developed countries and developing countries, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), emphasized today during the Coordination Segment of the United Nations Economic and Social Council (ECOSOC), where she referred to the causality and linkages between variables to build back better with an integrated policy strategy. “Even as recoveries continue, divergence in growth rates, vaccination rates, fiscal stimulus, ac…
La integración y la solidaridad regional son esenciales para hacer frente a las crecientes asimetrías y disparidades mundiales entre los países desarrollados y los países en desarrollo, subrayó hoy Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), durante el Segmento de Coordinación del Consejo Económico y Social de las Naciones Unidas, donde se refirió a las causales y los vínculos entre las variables para reconstruir mejor con una estrategia política integrada. “Aun cuando la recuperación continúa, la divergencia en las tasas de crecimient…
Presentation by ECLAC’s Executive Secretary, Alicia Bárcena (PDF). The Latin America and Caribbean region will see its pace of growth decelerate in 2022 to 2.1%, after reaching 6.2% on average last year, according to new projections released today by ECLAC. This slowdown takes place in a context of significant asymmetries between developed, emerging and developing countries with regard to the capacity to implement fiscal, social, monetary, and health and vaccination policies for a sustainable recovery from the crisis unleashed by the COVID-19 pandemic. This is according to the annual report b…
Presentación de la Secretaria Ejecutiva de la CEPAL, Alicia Bárcena (PDF). La región de América Latina y el Caribe desacelerará su ritmo de crecimiento en 2022 a 2,1%, luego de crecer 6,2% promedio el año pasado, según nuevas proyecciones entregadas hoy por la CEPAL. Esta desaceleración sucede en un contexto de importantes asimetrías entre los países desarrollados, emergentes y en desarrollo sobre la capacidad de implementar políticas fiscales, sociales, monetarias, de salud y vacunación para una recuperación sostenible de la crisis desatada por la pandemia de COVID-19. Así lo señala la Comi…
A região da América Latina e Caribe desacelerará seu ritmo de crescimento em 2022 para 2,1%, após crescer 6,2% em média no ano passado, segundo novas projeções divulgadas hoje pela CEPAL. Essa desaceleração ocorre em um contexto de importantes assimetrias entre os países desenvolvidos, emergentes e em desenvolvimento na capacidade de implementar políticas fiscais, sociais, monetárias, de saúde e de vacinação para uma recuperação sustentável da crise desencadeada pela pandemia da COVID-19. Assim afirma a Comissão Econômica para a América Latina e o Caribe (CEPAL) em seu relatório anual Balanço …
Declining economic growth and competitiveness, the impact of the 2007–2009 global financial crisis, and the challenge of climate change and extreme weather events have hindered the sustainable development of Caribbean economies, the generation of sustained welfare gains and the achievement of key Sustainable Development Goals (SDGs). Moreover, the COVID-19 pandemic has exacerbated the subregion’s vulnerability to the vagaries of global aggregate demand and commodity prices, which have largely driven the subregion’s debt upwards and dampened economic growth before its onset, compromising its ec…
The current crisis must be harnessed as an opportunity for rethinking the financing agenda for the development of middle-income countries, such as those in Latin America and the Caribbean. This is the time to achieve a broad social and political consensus that would enable implementing ambitious reforms with the aim of forging a process of sustainable and egalitarian construction for the future, the representatives of Latin American and Caribbean countries gathered at the thirty-sixth session of the Committee of the Whole of the Economic Commission for Latin America and the Caribbean (ECLAC) c…
La crisis actual debe ser aprovechada como una oportunidad para repensar la agenda de financiamiento para el desarrollo de los países de ingreso medio, como los de América Latina y el Caribe. Es una ocasión para alcanzar un amplio consenso social y político que permita aplicar reformas ambiciosas con el fin de emprender un proceso de construcción sostenible e igualitario hacia el futuro, coincidieron hoy representantes de los países de América Latina y el Caribe reunidos en el trigésimo sexto periodo de sesiones del Comité Plenario de la Comisión Económica para América Latina y el Caribe (CEPA…
Naciones Unidas