According to a report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) released Monday, Latin America and the Caribbean attracted a record volume of foreign direct investment (FDI) in 2022 with US$ 224.58 billion injected, which represented a 55.2% increase from 2021.
According to an ECLAC (Economic Commission for Latin America and the Caribbean: an organization of the United Nations that supports trade and economic growth in Latin America and the Caribbean) study released Thursday, Latin America's growth for the year 20023 was forecast to be averaging 1.2%.
The Economic Commission for Latin America and the Caribbean (ECLAC), in Santiago, Chile, is celebrating 75 years since its creation with a commitment to continue working for a more productive, inclusive and sustainable future for the region.
The Economic Commission for Latin America and the Caribbean (ECLAC) forecast Thursday that Latin American and Caribbean countries will grow 3.7% in 2022, which represents a setback from last year's 6.7%.
Argentine President Alberto Fernandez Thursday delivered a controversial speech before the IX Summit of the Americas in Los Angeles, California, which was anything but pleasing and obliging to the hosting country.
Latin America's economic growth is set to come in lower than expected this year, as US protectionism and widespread wariness of emerging markets put a drag on the region, a UN panel said Thursday. The Economic Commission for Latin America and the Caribbean (ECLAC) slashed its growth forecast for the region by 0.7 point to 1.5%, saying the complex global scenario had dimmed the outlook since its last report in April.
Latin America's public debt decreased in the last 25 years, according to a report from the Economic Commission for Latin America and the Caribbean (ECLAC). External public debt fell from 70% to 16% of the region’s GDP highlighted the fiscal analysis of the region, rising to near 40% when domestic public debt is added to calculations.
The economic scenario for 2014, with an estimated average growth rate of 2.7%, is far from encouraging for the evolution of the Latin American regional labor market and presents major challenges for labor market policy, said the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO) in a new joint report released this week.
Latin American and the Caribbean are forecasted to end 2013 with an urban unemployment rate of between 6.2% and 6.3%, slightly lower than 6.4% recorded in 2012, according to the latest estimates from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO).
Following on the steps of the IMF (and World Bank) which has strongly questioned Argentine official stats (mainly inflation and GDP growth), the United Nations Economic Commission for Latin America and the Caribbean, Eclac, also joined the club of disbelievers since in its last report on the regional economy appealed to other stats’ sources.