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Latin America will Grow Less than Expected This Year, 2.1%, According to ECLAC

Author

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  • Sylvia Stan

    (Faculty of Political Sciences, University of Bucharest, Romania)

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.

Suggested Citation

  • Sylvia Stan, 2022. "Latin America will Grow Less than Expected This Year, 2.1%, According to ECLAC," Logos Universalitate Mentalitate Educatie Noutate - Sectiunea Drept/ Logos Universality Mentality Education Novelty - Section: Law, Editura Lumen, Department of Economics, vol. 10(2), pages 46-52, December.
    • Handle: RePEc:lum:rev13d:v:x:y:2022:i:2:p:46-52
    DOI: https://doi.org/10.18662/lumenlaw/10.2/77
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    More about this item

    Keywords

    growth; pandemic; low investment; employment; social effects;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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