Macroeconomic policies

In line with the estimates published in the Economic Survey of Latin America and the Caribbean, 2018, the countries’ efforts to consolidate their public accounts began to yield results in 2018.1 In general, the primary deficit in Latin America shrank, thanks to cuts in primary spending that more than made up for a slight downturn in total revenues. Nonetheless, these trends at the regional level mask divergent fiscal results at the country level. Added to this, the prevailing macroeconomic environment of exchange-rate volatility, rising interest rates and mounting sovereign risk, have further complicated policy options.

Sustainable Development Goals:

Decent Work and Economic Growth