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Economic Survey of Latin America and the Caribbean 2017: Dynamics of the current economic cycle and policy challenges for boosting investment and growth

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Abstract

The 2017 edition of the Economic Survey of Latin America and the Caribbean consists of three parts. Part I outlines the region’s economic performance in 2016 and analyses trends in the early months of 2017, as well as the outlook for the rest of the year. It examines the external and domestic factors that have influenced the region’s economic performance and draws attention to some of the macroeconomic policy challenges of the prevailing external conditions, with a modest uptick in global economic growth and trade amid persistent uncertainty, especially in relation to political factors. The thematic section of this edition analyses the characteristics of the current economic cycle in the region (2009-2016) and contrasts it with the two preceding cycles (1990-2001 and 2002-2008). It also identifies and attempts to explain some of the determinants of the cycle and outlines possible strategies for regaining growth. Part III of this publication may be accessed on the website of the Economic Commission for Latin America and the Caribbean (www.cepal.org/en). It contains the notes relating to the economic performance of the countries of Latin America and the Caribbean in 2016 and the first half of 2017, together with their respective statistical annexes. The cut-off date for updating the statistical information in this publication was 30 June 2017.

Suggested Citation

  • -, 2017. "Economic Survey of Latin America and the Caribbean 2017: Dynamics of the current economic cycle and policy challenges for boosting investment and growth," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 42002 edited by Eclac.
    • Handle: RePEc:ecr:col005:42002
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    1. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2015. "Procyclical and countercyclical fiscal multipliers: Evidence from OECD countries," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 15-31.
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    3. Mr. Rodolphe Blavy, 2006. "Public Debt and Productivity: The Difficult Quest for Growth in Jamaica," IMF Working Papers 2006/235, International Monetary Fund.
    4. Checherita-Westphal, Cristina & Rother, Philipp, 2012. "The impact of high government debt on economic growth and its channels: An empirical investigation for the euro area," European Economic Review, Elsevier, vol. 56(7), pages 1392-1405.
    5. Hyun Song Shin, 2010. "Financial intermediation and the post-crisis financial system," BIS Working Papers 304, Bank for International Settlements.
    6. Borio, Claudio, 2014. "The financial cycle and macroeconomics: What have we learnt?," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 182-198.
    7. Contreras Juan & Battelle Holly, 2014. "Fiscal Multipliers in a Panel of Countries," Working Papers 2014-15, Banco de México.
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    1. -, 2017. "Linkages between the social and production spheres: Gaps, pillars and challenges," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 42269 edited by Eclac, May.

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