{"id":253472,"date":"2019-07-31T15:55:43","date_gmt":"2019-07-31T18:55:43","guid":{"rendered":"https:\/\/anba.com.br\/?p=253472"},"modified":"2019-07-31T19:58:14","modified_gmt":"2019-07-31T22:58:14","slug":"eclac-sees-latin-america-gdp-slowing-down","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/eclac-sees-latin-america-gdp-slowing-down\/","title":{"rendered":"ECLAC sees Latin America GDP slowing down"},"content":{"rendered":"<p>Bras\u00edlia &#8211; The <a href=\"https:\/\/www.cepal.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Economic Commission for Latin America and the Caribbean (ECLAC)<\/a>\u00a0forecasts that most of the region\u2019s economies will lose steam. A study released this Wednesday (31) shows that weak investment, exports and domestic consumption will cause the region\u2019s Gross Domestic Product (GDP) to slow to 0.5% growth in 2019, down from 0.9% in 2018.<\/p>\n<p>\u201cThis performance is attributed to the effects of a slowdown in sync with the global economy, which has meant an unfavorable international scenario for the region. Likewise, the low growth internally is due to the lack of momentum exhibited by investments, exports and a fall in public spending and private consumption,\u201d the study reads.<\/p>\n<p>According to ECLAC, unlike in previous years, the slowdown will be widespread in 2019, impacting 21 of the 33 Latin America and Caribbean countries. Average growth should be 0.2% in South America, 2.9% in Central America and 2.1% in the Caribbean.<\/p>\n<p>Brazil\u2019s GDP growth is expected to be 0.8% 2019, down from 1.1% in 2018.<\/p>\n<p>ECLAC argues that \u201cpolicy space needs to be expanded to tackle the slowdown and contribute to economic growth, with measures in the fiscal and monetary areas, as well as in investment and productivity.\u201d<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-253468\">ECLAC\/Notimex\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The region\u2019s economy is seen growing 0.5% this year according to the UN agency, down from 0.9% in 2018.<\/p>\n","protected":false},"author":2315,"featured_media":253468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[42435,9534,8927,10310,9756,10309],"class_list":{"0":"post-253472","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-america-latina-en","9":"tag-brazil-en","10":"tag-caribbean","11":"tag-eclac-en","12":"tag-gdp-en","13":"tag-latin-america-en"},"wps_subtitle":"The region\u2019s economy is seen growing 0.5% this year according to the UN agency, down from 0.9% in 2018.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/253472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=253472"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/253472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/253468"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=253472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=253472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=253472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}