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Economic Survey of Latin America and the Caribbean 2012

Policies for an Adverse International Economy

image of Economic Survey of Latin America and the Caribbean 2012
The Economic Survey of Latin America and the Caribbean 2013 analyses the policies required to improve the perspectives of sustainable regional growth. It reviews the links between economic growth and investment and employment, as well as the fiscal and monetary policies, industrial, trade and social policies relevant for short and long-term growth. Special attention is given to regional key issues such as its structural heterogeneity, its high levels of inequality and the challenges of environmental sustainability. Additionally, the region’s economic evolution during the first semester of 2013 is analyzed in this survey.

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Foreword

The sixty-fourth edition of the Economic Survey of Latin America and the Caribbean is divided into four chapters. The first chapter reviews the region’s economic performance during the first half of 2012, against the backdrop of a global economic slowdown and heightened uncertainty as to prospects for growth in the major economies. This scenario contributed to a slight cooling of economic expansion in Latin America and the Caribbean as a whole, especially through the trade channel. Demand continued to edge up, thanks primarily to household consumption, while rising investment or the positive contribution of net exports helped sustain brisk economic growth in a number of countries. This chapter also examines how macroeconomic policies were tailored to this unfavourable environment and sought to broaden the space for facing an external context that could turn even more negative.

English

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