2022 Latin American and Caribbean Macroeconomic Report: From Recovery to Renaissance: Turning Crisis into Opportunity
Economic growth in Latin America and the Caribbean was stronger than expected in 2021 but waned at the start of 2022. High commodity prices due to the war between Russia and Ukraine will provide a boost to exporters, while imposing significant costs on commodity importers and pushing up inflation across countries. The ongoing conflict, together with policy normalization in advanced economies, carries significant risks for the region. Volatility in financial markets could depress investment and bring down growth further. Policymakers need to take urgent measures to boost inclusive growth. As minor fixes are unlikely to result in notable benefits, governments should consider more fundamental resets of policy frameworks. This report analyzes growth prospects, monetary policy, and external and financial sectors. The recommendations stress the need for a new architecture for both fiscal and labor market policies. Policymakers should seize the window of opportunity provided by the COVID-19 crisis and global security concerns to improve the outlook for the region.
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dig-bid-node-320172023-06-29T18:52:41Z2022 Latin American and Caribbean Macroeconomic Report: From Recovery to Renaissance: Turning Crisis into Opportunity 2022-04-08T00:03:00+0000 http://dx.doi.org/10.18235/0004180 https://publications.iadb.org/en/2022-latin-american-and-caribbean-macroeconomic-report-recovery-renaissance-turning-crisis Inter-American Development Bank Economy Inflation Coronavirus Pandemic Raw Material Economic Development Gross Domestic Product Interest Rate Labor Labor Force Fiscal Policy Debt Management Commodity Price Oil Price Capital Flow Financial Sector Labor Market Informal Economy Female Employment GDP Growth Poverty Equality E20 - Consumption Saving Production Investment Labor Markets and Informal Economy: General E52 - Monetary Policy E58 - Central Banks and Their Policies F21 - International Investment • Long-Term Capital Movements F32 - Current Account Adjustment • Short-Term Capital Movements F34 - International Lending and Debt Problems G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages H20 - Taxation Subsidies and Revenue: General H63 - Debt • Debt Management • Sovereign Debt J20 - Demand and Supply of Labor: General J46 - Informal Labor Markets Latin America;Caribbean;Latin America and the Caribbean;Fiscal Deficit;Debt;Current Account;Trade;Oil;Brent;Banks;Financial Sector;Informality;Female Employment;Poverty;Inequality Economic growth in Latin America and the Caribbean was stronger than expected in 2021 but waned at the start of 2022. High commodity prices due to the war between Russia and Ukraine will provide a boost to exporters, while imposing significant costs on commodity importers and pushing up inflation across countries. The ongoing conflict, together with policy normalization in advanced economies, carries significant risks for the region. Volatility in financial markets could depress investment and bring down growth further. Policymakers need to take urgent measures to boost inclusive growth. As minor fixes are unlikely to result in notable benefits, governments should consider more fundamental resets of policy frameworks. This report analyzes growth prospects, monetary policy, and external and financial sectors. The recommendations stress the need for a new architecture for both fiscal and labor market policies. Policymakers should seize the window of opportunity provided by the COVID-19 crisis and global security concerns to improve the outlook for the region. Inter-American Development Bank Eduardo A. Cavallo Arturo Galindo Victoria Nuguer Andrew Powell IDB Publications Latin America and the Caribbean en |
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Estados Unidos |
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America del Norte |
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Biblioteca Felipe Herrera del BID |
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English |
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Economy Inflation Coronavirus Pandemic Raw Material Economic Development Gross Domestic Product Interest Rate Labor Labor Force Fiscal Policy Debt Management Commodity Price Oil Price Capital Flow Financial Sector Labor Market Informal Economy Female Employment GDP Growth Poverty Equality E20 - Consumption Saving Production Investment Labor Markets and Informal Economy: General E52 - Monetary Policy E58 - Central Banks and Their Policies F21 - International Investment • Long-Term Capital Movements F32 - Current Account Adjustment • Short-Term Capital Movements F34 - International Lending and Debt Problems G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages H20 - Taxation Subsidies and Revenue: General H63 - Debt • Debt Management • Sovereign Debt J20 - Demand and Supply of Labor: General J46 - Informal Labor Markets Latin America;Caribbean;Latin America and the Caribbean;Fiscal Deficit;Debt;Current Account;Trade;Oil;Brent;Banks;Financial Sector;Informality;Female Employment;Poverty;Inequality Economy Inflation Coronavirus Pandemic Raw Material Economic Development Gross Domestic Product Interest Rate Labor Labor Force Fiscal Policy Debt Management Commodity Price Oil Price Capital Flow Financial Sector Labor Market Informal Economy Female Employment GDP Growth Poverty Equality E20 - Consumption Saving Production Investment Labor Markets and Informal Economy: General E52 - Monetary Policy E58 - Central Banks and Their Policies F21 - International Investment • Long-Term Capital Movements F32 - Current Account Adjustment • Short-Term Capital Movements F34 - International Lending and Debt Problems G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages H20 - Taxation Subsidies and Revenue: General H63 - Debt • Debt Management • Sovereign Debt J20 - Demand and Supply of Labor: General J46 - Informal Labor Markets Latin America;Caribbean;Latin America and the Caribbean;Fiscal Deficit;Debt;Current Account;Trade;Oil;Brent;Banks;Financial Sector;Informality;Female Employment;Poverty;Inequality |
spellingShingle |
Economy Inflation Coronavirus Pandemic Raw Material Economic Development Gross Domestic Product Interest Rate Labor Labor Force Fiscal Policy Debt Management Commodity Price Oil Price Capital Flow Financial Sector Labor Market Informal Economy Female Employment GDP Growth Poverty Equality E20 - Consumption Saving Production Investment Labor Markets and Informal Economy: General E52 - Monetary Policy E58 - Central Banks and Their Policies F21 - International Investment • Long-Term Capital Movements F32 - Current Account Adjustment • Short-Term Capital Movements F34 - International Lending and Debt Problems G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages H20 - Taxation Subsidies and Revenue: General H63 - Debt • Debt Management • Sovereign Debt J20 - Demand and Supply of Labor: General J46 - Informal Labor Markets Latin America;Caribbean;Latin America and the Caribbean;Fiscal Deficit;Debt;Current Account;Trade;Oil;Brent;Banks;Financial Sector;Informality;Female Employment;Poverty;Inequality Economy Inflation Coronavirus Pandemic Raw Material Economic Development Gross Domestic Product Interest Rate Labor Labor Force Fiscal Policy Debt Management Commodity Price Oil Price Capital Flow Financial Sector Labor Market Informal Economy Female Employment GDP Growth Poverty Equality E20 - Consumption Saving Production Investment Labor Markets and Informal Economy: General E52 - Monetary Policy E58 - Central Banks and Their Policies F21 - International Investment • Long-Term Capital Movements F32 - Current Account Adjustment • Short-Term Capital Movements F34 - International Lending and Debt Problems G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages H20 - Taxation Subsidies and Revenue: General H63 - Debt • Debt Management • Sovereign Debt J20 - Demand and Supply of Labor: General J46 - Informal Labor Markets Latin America;Caribbean;Latin America and the Caribbean;Fiscal Deficit;Debt;Current Account;Trade;Oil;Brent;Banks;Financial Sector;Informality;Female Employment;Poverty;Inequality Inter-American Development Bank 2022 Latin American and Caribbean Macroeconomic Report: From Recovery to Renaissance: Turning Crisis into Opportunity |
description |
Economic growth in Latin America and the Caribbean was stronger than expected in 2021 but waned at the start of 2022. High commodity prices due to the war between Russia and Ukraine will provide a boost to exporters, while imposing significant costs on commodity importers and pushing up inflation across countries. The ongoing conflict, together with policy normalization in advanced economies, carries significant risks for the region. Volatility in financial markets could depress investment and bring down growth further. Policymakers need to take urgent measures to boost inclusive growth. As minor fixes are unlikely to result in notable benefits, governments should consider more fundamental resets of policy frameworks. This report analyzes growth prospects, monetary policy, and external and financial sectors. The recommendations stress the need for a new architecture for both fiscal and labor market policies. Policymakers should seize the window of opportunity provided by the COVID-19 crisis and global security concerns to improve the outlook for the region. |
author2 |
Eduardo A. Cavallo |
author_facet |
Eduardo A. Cavallo Inter-American Development Bank |
topic_facet |
Economy Inflation Coronavirus Pandemic Raw Material Economic Development Gross Domestic Product Interest Rate Labor Labor Force Fiscal Policy Debt Management Commodity Price Oil Price Capital Flow Financial Sector Labor Market Informal Economy Female Employment GDP Growth Poverty Equality E20 - Consumption Saving Production Investment Labor Markets and Informal Economy: General E52 - Monetary Policy E58 - Central Banks and Their Policies F21 - International Investment • Long-Term Capital Movements F32 - Current Account Adjustment • Short-Term Capital Movements F34 - International Lending and Debt Problems G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages H20 - Taxation Subsidies and Revenue: General H63 - Debt • Debt Management • Sovereign Debt J20 - Demand and Supply of Labor: General J46 - Informal Labor Markets Latin America;Caribbean;Latin America and the Caribbean;Fiscal Deficit;Debt;Current Account;Trade;Oil;Brent;Banks;Financial Sector;Informality;Female Employment;Poverty;Inequality |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
2022 Latin American and Caribbean Macroeconomic Report: From Recovery to Renaissance: Turning Crisis into Opportunity |
title_short |
2022 Latin American and Caribbean Macroeconomic Report: From Recovery to Renaissance: Turning Crisis into Opportunity |
title_full |
2022 Latin American and Caribbean Macroeconomic Report: From Recovery to Renaissance: Turning Crisis into Opportunity |
title_fullStr |
2022 Latin American and Caribbean Macroeconomic Report: From Recovery to Renaissance: Turning Crisis into Opportunity |
title_full_unstemmed |
2022 Latin American and Caribbean Macroeconomic Report: From Recovery to Renaissance: Turning Crisis into Opportunity |
title_sort |
2022 latin american and caribbean macroeconomic report: from recovery to renaissance: turning crisis into opportunity |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0004180 https://publications.iadb.org/en/2022-latin-american-and-caribbean-macroeconomic-report-recovery-renaissance-turning-crisis |
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