Abstract

According to ECLAC, the expected average growth of 2.1% reflects a high degree of heterogeneity between countries and subregions: the Caribbean will grow 6.1% (excluding Guyana), Central America will grow 4.5%, while South America will grow 6.1%. will do in 1.4%. Meanwhile, in 2021 the region showed higher-than-expected growth, averaging 6.2%, thanks to the low base of comparison that constituted the year 2020, the greater mobility and the favorable external context. According to the report, the region faces a very complex 2022: persistence and uncertainty about the evolution of the pandemic, sharp slowdown in growth, low investment, productivity and slow recovery of employment, persistence of the social effects caused by the crisis, less fiscal space, increases in inflationary pressures and financial imbalances.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.