ECLAC submitted its Economic Survey for Latin America and the Caribbean 2022: Dynamics and Challenges of Investment to Promote a Sustainable and Inclusive Recovery, and estimated that 16 regional nations will not yet have recovered their Gross Domestic Product (GDP) levels prior to the Covid-19 pandemic during this period.

The report pointed out this regional scenario also includes, at the domestic level, strong inflationary pressures -with a greater impact on the most vulnerable households-, the low job creation dynamism, investment declines and growing social demands.

Beyond common continental space, ECLAC´s report also stated the tightening of global financial conditions and the geopolitical tensions derived from Russia-Ukraine military conflict have an impact on such a reality.

The ECLAC’s Economic Development Division Director Daniel Titelman said there are great challenges for macroeconomy in this regard, which must balance policies aimed at boosting economic reactivation with measures aimed at controlling inflation and making public finances sustainable.

ECLAC detailed that beyond the times of each economic cycle, the low investment growth over the last 30 years is a structural obstacle to Latin American and Caribbean development, and, in this regard, it urged to boost this indicator for a faster recovery.

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