Preliminary Overview of the Economies of Latin America and the Caribbean, 2024. Executive summary

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/PUB.2024/28
cepal.docTypeInformes periódicos
cepal.jobNumberS2401165_en
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.sdg8
cepal.sdg17
cepal.topicEngECONOMIC GROWTH
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngFINANCING AND EXTERNAL DEBT
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngINFLATION
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaFINANCIAMIENTO Y DEUDA EXTERNA
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaINFLACIÓN
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2024-12-18T12:37:09Z
dc.date.available2024-12-18T12:37:09Z
dc.date.issued2024-12-18
dc.description.abstractLatin America and the Caribbean is caught in a trap of low capacity for growth, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The region’s economies are projected to expand by 2.2% and 2.4% in 2024 and 2025, respectively. Although these figures are above the 2015–2024 average of 1.0%, they are insufficient to close the gap with the economies of developed countries. The 2024 and 2025 international context is one of highly uncertain financial and trade conditions and slowing growth for the region’s main trading partners. Domestic macroeconomic policy space remains limited, and while fiscal efforts are focused on avoiding a sharp increase in public debt, the speed and magnitude of monetary policy rate cuts are determined by the depreciation of the region’s currencies. Overcoming the trap of low capacity for growth requires a massive mobilization of financial resources and a concerted effort to coordinate macroeconomic policies, smooth fluctuations in the economic cycle and implement productive development policies that boost investment and productivity for the economies of the region.
dc.description.tableOfContentsIn 2024 and 2025, global economic growth is set to hold steady at 2023 levels, driven largely by emerging economies .-- The world’s major central banks expanded liquidity in 2024, ending the tight monetary cycle .-- The region’s debt issuance on international markets is increasing, but the net transfer of resources abroad is on the rise .-- Economic activity remains low and is increasingly dependent on private consumption .-- Despite continued low job creation, the region’s labour markets are showing modest improvements .-- Fiscal space remains limited in Latin America and the Caribbean .-- Inflation is converging towards target ranges, albeit at a slower pace .-- Falling inflation and rate cuts in the United States have prompted looser monetary policy in the region .-- Projections and outlook for 2024 and 2025 .-- Policies to overcome the trap of low capacity for growth.
dc.formatTexto
dc.format.extent19 pages.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2024/28
dc.identifier.urihttps://hdl.handle.net/11362/81105.1
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesPreliminary Overview of the Economies of Latin America and the Caribbean
dc.relation.translationLanguagespa
dc.relation.translationLanguagepor
dc.relation.translationRecordBalance Preliminar de las Economías de América Latina y el Caribe, 2024
dc.relation.translationRecordBalanço Preliminar das Economias da América Latina e do Caribe, 2024. Resumo Executivo
dc.relation.translationUrihttps://hdl.handle.net/11362/81104
dc.relation.translationUrihttps://hdl.handle.net/11362/81358
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngLIQUIDITY
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngINFLATION
dc.subject.unbisEngPRICES
dc.subject.unbisEngEMPLOYMENT
dc.subject.unbisEngWAGES
dc.subject.unbisEngEXTERNAL DEBT
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngECONOMIC PROJECTIONS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaLIQUIDEZ
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaPRECIOS
dc.subject.unbisSpaEMPLEO
dc.subject.unbisSpaSALARIOS
dc.subject.unbisSpaDEUDA EXTERNA
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaPROYECCIONES ECONOMICAS
dc.titlePreliminary Overview of the Economies of Latin America and the Caribbean, 2024. Executive summary
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
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