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UN forum sees ‘moderate’ recovery for Latin American and Caribbean economies in 2018

onstruction works for the Panama Canal expansion project. Panama.
onstruction works for the Panama Canal expansion project. Panama. World Bank (file)
New economic projections for Latin America and the Caribbean show moderate recovery in 2018 and growth the following year – with favoured expansions in consumption and domestic investment, the United Nations reported Thursday.

The Executive Secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, unveiled on Thursday the Preliminary Overview of the Economies of Latin America and the Caribbean 2017, which analyses the economies’ performance and updates its latest growth projections.“Although there is reduced fiscal space in the region, we need to promote active public policies to sustain the expansion cycle,” stated Ms. Bárcena, adding that they include strengthening regulation, productive development, tax collection and intraregional trade.

After notching 1.3 per cent growth on average in 2017, the report maintains that regional economies would recover moderately in 2018, and grow 2.2 per cent the following year – noting that the regional economic projections are evolving in a more favourable international context than over the last few years.

[ read the full story on UN News


Infographic.

eclac projections18

Last modified on Friday, 15 December 2017 20:48
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