The recovery paradox in Latin America and the Caribbean Growth amid persisting structural problems: inequality, poverty and low investment and productivity
This Special Report examines the economic and social impact of the COVID-19 pandemic, more than a year after it first appeared, providing new growth projections for the region’s countries. The document, entitled The recovery paradox in Latin America and the Caribbean. Growth amid persisting structural problems: inequality, poverty and low investment and productivity, analyzes the performance of the region’s main economic and social indicators and presents policy proposals for achieving a transformative recovery based on the forging of a new development pattern.
I. The economic rebound does not ensure sustained growth. A. Structural gaps have exacerbated the adverse effects of the pandemic .-- II. Social impacts worsen and will persist into the economic recovery. A. Higher poverty, higher inequality. B. High levels of vulnerability among middle-income groups. C. Diminished coverage of pension systems. D. Emergency transfers are of the essence. E. The risk of a lost generation .-- III. Environmental deterioration continues and environmental policies suffer a setback. A. The fall in activity afforded nature only a brief respite. B. Lower public budgets to underpin environmental discourse .-- IV. Strategy and policy proposals. A. The developed countries are acting now, while the region lags behind. B. Sustaining expansionary fiscal policies. C. Financing for development: empowering new initiatives. D. Maintain emergency transfers. E. Strengthening health and education. F. Reaffirmation of a transformational strategy.
TranslationLa paradoja de la recuperación en América Latina y el Caribe. Crecimiento con persistentes problemas estructurales: desigualdad, pobreza, poca inversión y baja productividad
SerieSpecial report COVID-19 No. 11
ECLAC SubtopicsCOVID-19 ; ECONOMIC INDICATORS AND PROJECTIONS ; EMPLOYMENT ; INEQUALITY ; INVESTMENT ; POVERTY ; PRODUCTIVITY ; PUBLIC ADMINISTRATION ; PUBLIC POLICIES ; PENSIONS
United Nations SubtopicsCOVID-19 ; VIRUSES ; PANDEMICS ; ECONOMIC ASPECTS ; SOCIAL ASPECTS ; ENVIRONMENTAL ASPECTS ; FOOD SECURITY ; AGRICULTURE ; MINING ; INDUSTRY ; FOREIGN TRADE ; DEVELOPMENT FINANCE ; EMPLOYMENT ; FISCAL POLICY ; PUBLIC DEBT ; MIDDLE CLASS ; EDUCATION ; ACADEMIC ACHIEVEMENT ; CHILDREN ; ADOLESCENTS ; ENVIRONMENT ; ENVIRONMENTAL POLICY ; SUSTAINABLE DEVELOPMENT ; DEVELOPMENT POLICY ; DEVELOPMENT STRATEGIES ; ECLAC ; RECOMMENDATIONS ; HEALTH ; VACCINATION ; PRODUCTIVITY ; ECONOMIC GROWTH ; ECONOMIC PROJECTIONS ; PENSIONS ; MONETARY POLICY ; POVERTY ; SOCIAL SECURITY ; INCOME
Country / RegionLATIN AMERICA AND THE CARIBBEAN