Caribbean Outlook 3: Economic recovery and repositioning in the era of COVID-19. Policy Brief
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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 no longer an option for advancing sustainable development. As such, recovery and repositioning of the economies must take place in all sectors for the subregion to thrive.
ECLAC SubtopicsAGRICULTURE AND RURAL DEVELOPMENT ; COVID-19 ; DIGITAL GOVERNMENT ; DISASTERS ; ECONOMIC GROWTH ; EDUCATION ; EMPLOYMENT ; FINANCING AND EXTERNAL DEBT ; FINANCING FOR DEVELOPMENT ; FOREIGN DIRECT INVESTMENT ; HEALTH ; INFLATION ; INFORMATION AND COMMUNICATIONS TECHNOLOGIES (ICTS) ; INNOVATION AND EXPORT DIVERSIFICATION ; INTERNATIONAL TRADE ; INVESTMENT ; MICRO, SMALL AND MEDIUM-SIZED ENTERPRISES (MSMES) ; PLANNING ; PRODUCTIVITY ; PUBLIC POLICIES ; SHIPPING AND PORTS ; STRUCTURAL CHANGE ; SUSTAINABLE DEVELOPMENT ; TOURISM ; TRADE FACILITATION ; VALUE CHAINS
United Nations SubtopicsECONOMIC DEVELOPMENT ; SUSTAINABLE DEVELOPMENT ; SOCIAL DEVELOPMENT ; ECONOMIC GROWTH ; RESILIENCE ; SUSTAINABLE DEVELOPMENT GOALS ; COVID-19 ; EPIDEMICS ; NATURAL DISASTERS ; INFLATION ; FOREIGN DIRECT INVESTMENT ; DEVELOPMENT PLANNING ; DEVELOPMENT STRATEGIES ; STRUCTURAL ADJUSTMENT ; DEVELOPMENT FINANCE ; FINANCING ; DEBT RELIEF ; DEBT CONVERSIONS ; CLIMATE CHANGE ADAPTATION ; CONTINGENCY FUNDS ; CARICOM ; SMALL STATES ; SMALL ISLAND DEVELOPING STATES ; POLICY-MAKING ; RECOMMENDATIONS
Country / RegionCARIBBEAN REGION