Executive summary.-- I. International context.-- II. Economic activity.-- III. Domestic prices.-- IV. Employment and wages.-- V. The external sector.-- VI. Macroeconomic policies.-- VII. Outlook for 2015 and challenges.-- Statistical annex: • Table A-1 Latin America and the Caribbean: main economic indicators • Table A-2 Latin America and the Caribbean: gross domestic product • Table A-3 Latin America and the Caribbean: per capita gross domestic product • Table A-4 Latin America and the Caribbean: gross fixed capital formation • Table A-5 Latin America and the Caribbean: balance of payments • Table A-6 Latin America and the Caribbean: international trade of goods • Table A-7 Latin America: terms of trade for goods f.o.b./f.o.b • Table A-8 Latin America and the Caribbean (selected countries): remittances from emigrant workers • Table A-9 Latin America and the Caribbean: net resource transfer • Table A-10 Latin America and the Caribbean: net foreign direct investment • Table A-11 Latin America and the Caribbean: gross external debt • Table A-12 Latin America and the Caribbean: sovereign spreads on EMBI+ and EMBI global • Table A-13 Latin America and the Caribbean: sovereign risk premiums on five-year credit default swaps • Table A-14 Latin America and the Caribbean: international bond issues • Table A-15 Latin America and the Caribbean: stock exchange indices • Table A-16 Latin America and the Caribbean: gross international reserves • Table A-17 Latin America and the Caribbean: real effective exchange rates • Table A-18 Latin America and the Caribbean: participation rate • Table A-19 Latin America and the Caribbean: open urban unemployment • Table A-20 Latin America and the Caribbean: employment rate • Table A-21 Latin America: real average wages • Table A-22 Latin America and the Caribbean: monetary indicators • Table A-23 Latin America and the Caribbean: domestic credit • Table A-24 Latin America and the Caribbean: monetary policy rates • Table A-25 Latin America and the Caribbean: representative lending rates • Table A-26 Latin America and the Caribbean: consumer prices • Table A-27 Latin America and the Caribbean: fiscal balances • Table A-28 Latin America and the Caribbean: central government revenues composition • Table A-29 Latin America and the Caribbean: central government expenditure composition • Table A-30 Latin America and the Caribbean: central government gross public debt • Table A-31 Latin America and the Caribbean: non-financial public sector gross public debt