Preliminary Overview of the Economies of Latin America and the Caribbean 2020

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/PUB.2020/17-P
cepal.docTypeInformes periódicos
cepal.jobNumberS2000880_en
cepal.regionalOfficeSantiago
cepal.saleNumberE.20.II.G.6
cepal.sdg1
cepal.topicEngCOVID-19
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngMACROECONOMICS
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaCOVID-19
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
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.accessioned2021-02-04T14:50:14Z
dc.date.available2021-02-04T14:50:14Z
dc.date.available2021-02-04T14:50:14Z
dc.date.issued2021-02-04
dc.description.abstractIn its Preliminary Overview of the Economies of the region, ECLAC forecasts an average contraction of -7.7% for 2020 – the largest in 120 years – and a rebound of 3.7% in 2021. In a context of global contraction, Latin America and the Caribbean is the region in the developing world that has been hardest hit by the crisis stemming from COVID-19. In the decade prior to the pandemic, the region was on a low-growth trajectory, and in 2020 it faces an unprecedented combination of negative supply and demand shocks, which is translating into the worst economic crisis in the last 120 years. Although the significant fiscal and monetary efforts made by countries have served to mitigate the effects of the crisis, the pandemic’s economic and social consequences have been exacerbated by the structural problems that the region has suffered historically. In 2021, ECLAC foresees a positive GDP growth rate that will fundamentally reflect a statistical rebound, but the process of recovering pre-crisis levels of Gross Domestic Product (GDP) will be slow and will not conclude until 2024. To keep the region from perpetuating its low-growth dynamic, expansionary fiscal and monetary policies are needed along with environmental and industrial policies, all of which would enable the structural transformations that the region requires and would promote sustainable development. It also poses the need to prioritize spending on the economic and social reactivation and transformation by fostering employment-intensive and environmentally sustainable investment in strategic sectors; to extend the basic income to people living in situations of poverty; provide financing to Micro, Small and Medium-sized Enterprises (MSMEs); offer incentives for productive development, the digital revolution for sustainability and clean technologies; and universalize social protection systems. The report contends that beyond national efforts, the region’s economic reactivation and transformation will require financing and international cooperation. In this area, it stresses the need to utilize instruments such as the issuance and reallocation of the International Monetary Fund’s Special Drawing Rights (SDRs) to strengthen the reserves of the region’s countries and regional agreements; include vulnerable middle-income countries in the G20’s debt moratorium initiative (DSSI) and also set in motion the debt for climate change adaptation swap in the case of the Caribbean, along with the creation of a resilience fund; and capitalize multilateral, regional and national credit institutions.
dc.formatTexto
dc.format.extent155 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.eisbn9789210047500
dc.identifier.isbn9789211220575
dc.identifier.unSymbolLC/PUB.2020/17-P/Rev.1
dc.identifier.unSymbolLC/PUB.2020/17-P
dc.identifier.urihttps://hdl.handle.net/11362/46504
dc.language.isoeng
dc.physicalDescription155 p.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.contentCepalDescriptionWe would like to know your opinion about this document
dc.relation.contentCepalUrlhttps://icts-surveys.unog.ch/index.php/137521?lang=en
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 2020
dc.relation.translationRecordBalanço Preliminar das Economias da América Latina e do Caribe 2020
dc.relation.translationUrihttps://hdl.handle.net/11362/46501
dc.relation.translationUrihttps://hdl.handle.net/11362/46606
dc.rights.coarDisponible
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC TRENDS
dc.subject.unbisEngCOVID-19
dc.subject.unbisEngPANDEMICS
dc.subject.unbisEngLIQUIDITY
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngFOREIGN DIRECT INVESTMENT
dc.subject.unbisEngTRADE IN SERVICES
dc.subject.unbisEngCONSUMPTION
dc.subject.unbisEngPRICES
dc.subject.unbisEngINFLATION
dc.subject.unbisEngEMPLOYMENT
dc.subject.unbisEngWAGES
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngECONOMIC PROJECTIONS
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMIC CRISIS
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaTENDENCIAS ECONOMICAS
dc.subject.unbisSpaCOVID-19
dc.subject.unbisSpaPANDEMIAS
dc.subject.unbisSpaCRISIS ECONOMICA
dc.subject.unbisSpaLIQUIDEZ
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaINVERSION EXTRANJERA DIRECTA
dc.subject.unbisSpaCOMERCIO DE SERVICIOS
dc.subject.unbisSpaCONSUMO
dc.subject.unbisSpaPRECIOS
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaEMPLEO
dc.subject.unbisSpaSALARIOS
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.subject.unbisSpaPROYECCIONES ECONOMICAS
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.titlePreliminary Overview of the Economies of Latin America and the Caribbean 2020
dc.type.coarpublicación seriada
dspace.entity.typePublication
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