Economic Survey of Latin America and the Caribbean 2019. The new global financial context: effects and transmission mechanisms in the region
The report analyzes the economic situation and outlook for Latin America and the Caribbean in 2019, highlighting a continued slowdown in growth, challenges in investment and consumption, and the impact of global financial conditions on the region.
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| Quick Facts | |
|---|---|
| Report location: | source source 2 |
| Language: | English |
| Publisher: | Economic Commission For Latin America And The Caribbean |
| Authors: | Alicia Bárcena; Mario Cimoli; Raúl García-Buchaca; Daniel Titelman; Ricardo Pérez; Esteban Pérez Caldentey; Ramón Pineda Salazar; Gerald Epstein; Alejandra Acevedo; Claudio Aravena; Pablo Carvallo; Claudia de Camino; Ivonne González; Michael Hanni; Juan Pablo Jiménez; Noel Pérez; Esteban Pérez Caldentey; José Antonio Sánchez; Cecilia Vera; Jürgen Weller |
| Geographic focus: | 2019 |
| Page count: | 233 pages |
Methods
The research method involved a comprehensive analysis of economic indicators, including GDP growth rates, investment trends, labor market conditions, and external financial influences. The report utilized data from various ECLAC divisions and country offices to assess the economic outlook for the region.
(Generated with the help of GPT-4)
Key Insights
The 2019 Economic Survey of Latin America and the Caribbean presents a detailed analysis of the region's economic performance, projecting a growth rate of only 0.5% for the year. This marks a significant decline from previous years, with 21 out of 33 countries expected to experience economic slowdowns. Factors contributing to this downturn include weak investment, declining exports, and reduced public spending. The report emphasizes the adverse effects of a sluggish global economy, characterized by trade tensions and lower commodity prices, which heavily impact the region's economies. The labor market is also under strain, with an urban unemployment rate projected at 9.3%. The report further discusses the challenges of macroeconomic policy in a context of limited fiscal space and high uncertainty. It highlights the need for countries to adapt to changing global financial conditions, particularly regarding rising debt levels and the implications for economic stability. Overall, the report underscores the complex interplay between domestic and international factors affecting economic growth in Latin America and the Caribbean.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2019 publication date | English publication language | latin america and the caribbean geographic scope