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Preliminary Overview of the Economies of Latin America and the Caribbean 2013

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  • ECLAC

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Abstract

The Latin American and Caribbean region recorded GDP growth of 2.6% in 2013, down from 3.1% in 2012, testifying to the continuation of the economic slowdown apparent in the region since 2011. The countries’ growth rates differed significantly, however. In 2014 the global economy will present opportunities and threats for Latin America and the Caribbean. The currency depreciation seen in several countries in the region in recent months, possibly strengthened by a shift in future financial flows towards developed countries, could, if sustained, increase incentives for investment in tradable sectors other than the region’s traditional exports (commodities), while redirecting expenditure to ease pressure on the current account. Complementary growth-supporting industrial, trade, environmental, social and labour policies that take into account the needs of small and medium-sized enterprises, could help to lessen the region’s structural heterogeneity. The pathway of growth combined with greater equality would thus gain economic and social sustainability, with greater reliance from investment and exports than in the recent past. As discussed in other ECLAC documents, this combination would be aided by social covenants for investment.

Suggested Citation

  • -, 2014. "Preliminary Overview of the Economies of Latin America and the Caribbean 2013," Balance Preliminar de las Economías de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 35923 edited by Eclac.
    • Handle: RePEc:ecr:col004:35923
    Note: Includes bibliography.
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    File URL: http://repositorio.cepal.org/handle/11362/35923
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    Citations

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    Cited by:

    1. Bonomo, Umberto & Brain, Isabel & Simioni, Daniela, 2015. "Policies on access to housing," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39687, May.
    2. -, 2015. "Foreign Direct Investment in Latin America and the Caribbean 2015," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 38215 edited by Eclac, May.
    3. -, 2015. "Towards universal social protection: Latin American pathways and policy tools," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39484 edited by Eclac, May.
    4. Filgueira, Fernando & Rossel, Cecilia, 2015. "Adolescence and youth," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39684, May.
    5. Filgueira, Fernando & Rossel, Cecilia, 2015. "Working and reproductive years," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39685, May.
    6. Bronzo, Carla & Cunill-Grau, Nuria & Repetto, Fabián, 2015. "Coordinating sectors and institutions for building comprehensive social protection," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39692, May.
    7. Filgueira, Fernando & Martínez, Rodrigo, 2015. "Financing and investment for social protection," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39694, May.
    8. Jones, Francis, 2016. "Ageing in the Caribbean and the human rights of older persons: Twin imperatives for action," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 39854, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    9. Vargas, Luis Hernán, 2015. "Disaster response challenges for social protection systems," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39688, May.
    10. Filgueira, Fernando & Rossel, Cecilia, 2015. "Old age," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39686, May.
    11. Cecchini, Simone & Filgueira, Fernando & Martínez, Rodrigo & Rossel, Cecilia, 2015. "Rights and the life cycle: reordering social protection tools," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39681, May.
    12. Martínez, Rodrigo, 2015. "Monitoring and evaluation of social protection policies and programmes," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39693, May.
    13. Filgueira, Fernando, 2015. "Models of development, the welfare State matrix and Latin American social policy tools," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39682, May.
    14. Maldonado Valera, Carlos, 2015. "Building compacts for social protection," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39691, May.
    15. -, 2015. "CEPAL Review no. 117," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    16. Cecchini, Simone & Rico, María Nieves, 2015. "The rights-based approach in social protection," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39690, May.
    17. De la Peña Zarzuelo, Ignacio & Freire-Seoane, María Jesús & López-Bermúdez, Beatriz, 2020. "The effects of maritime container transport on economic growth in the countries on the west coast of Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    18. -, 2014. "Regional integration: towards an inclusive value chain strategy," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 36734 edited by Eclac, May.
    19. -, 2015. "Education, structural change and inclusive growth in Latin America," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37845 edited by Eclac, May.
    20. -, 2015. "Economic relations between Latin America and the Caribbean and the Republic of Korea: Advances and opportunities," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37919 edited by Eclac, May.
    21. Bernhardt, Thomas, 2016. "South-South trade and South-North trade: which contributes more to development in Asia and South America? Insights from estimating income elasticities of import demand," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    22. Gisela Pereyra Doval & Esteban Actis, 2016. "The Political and Economic Instability of Dilma Rousseff’s Second Government in Brazil: Between Impeachment and the Pragmatic Turn," India Quarterly: A Journal of International Affairs, , vol. 72(2), pages 120-131, June.
    23. Filgueira, Fernando & Rico, María Nieves & Rossel, Cecilia, 2015. "Early childhood and childhood," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39683, May.
    24. -, 2015. "CEPAL Review no. 116," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.

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