1 option
Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality / Carlos A. Vegh.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Vegh, Carlos A.
- Series:
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Elasticity.
- Growth.
- Household Income Inequality.
- Inequality.
- Labor Force Participation.
- Labor Income Inequality.
- Slowdown.
- Terms of Trade.
- Unemployment.
- Latin America.
- Local Subjects:
- Elasticity.
- Growth.
- Household Income Inequality.
- Inequality.
- Labor Force Participation.
- Labor Income Inequality.
- Slowdown.
- Terms of Trade.
- Unemployment.
- Latin America.
- Physical Description:
- 1 online resource (69 pages)
- Other Title:
- Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- After mediocre growth in 2018 of 0.7 percent. LAC is expected to perform only marginally better in 2019(growth of 0.9 percent) followed by a much more solid growth of 2.1 percent in 2020. LAC will face bothinternal and external challenges during 2019. On the domestic front. the recession in Argentina; a slowerthan expected recovery in Brazil from the 2014-2015 recession, anemic growth in Mexico. and thecontinued deterioration of Venezuela. present the biggest challenges. On the external front. the sharpdrop in net capital inflows to the region since early 2018 and the monetary policy normalization in theUnited States stand among the greatest perils. Furthermore, the recent increase in poverty in Brazilbecause of the recession points to the large effects that the business cycle may have on poverty. The coreof this report argues that social indicators that are very sensitive to the business cycle may yield a highlymisleading picture of permanent social gains in the region.
- Notes:
- Description based on print version record.
- ISBN:
- 1-4648-1413-9
- Publisher Number:
- 10.1596/978-1-4648-1413-6
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.