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2019 Macro Report
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Building Opportunities for Growth in a Challenging World

2019 Latin American and Caribbean Macroeconomic Report

Coordinated by

  • Eduardo Cavallo & Andrew Powell

Country Infrastructure Briefs

 

Complementary Documentation

  • Appendix A: Optimal Reserves Calculations

  • Appendix B: Sudden Stops and Debt Dynamics

  • Appendix C: Rule-based Fiscal Frameworks, Public Investment, and Fiscal Consolidations

  • Appendix D: Details on Fiscal Rules in Latin America and the Caribbean

  • Appendix E: Estimating Infrastructure Development Gaps

  • Appendix F: A Brief Review of PPP Frameworks

  • Appendix G: Country Computable General Equilibrium Models

Highlights
  • Growth in Latin America and the Caribbean is expected to remain below potential in 2019.
  • A combination of economic shocks could lower growth in Latin America and the Caribbean by an annual average of up to 1.7 percent of GDP in 2019-2021.
  • Additional investment in infrastructure could significantly boost growth in the region.
  • A 0.3% positive growth shock in each of the five largest economies could increase regional growth by 0.5% annually for 3 years.

Moderate growth rates are expected and the region faces global risks. Boosting investment is a priority.

Total investment in infrastructure remains low. New projects could significantly boost economic activity.

Given tight public budgets, attracting greater private financing for infrastructure could boost needed investment.

Events
Apr 15 2019
Launch of the 2019 Latin American and Caribbean Macroeconomic Report: Building Opportunities for Growth in a Challenging World
Inter-American Development Bank | Washington, D. C. | United States of America | EVI Conference Center (1330 New York Ave) | Conference Room 2 (CR-2), Enrique V. Iglesias Conference Center

 

For registration and more information, click here


      2019 Latin American and Caribbean Macroeconomic Report: Building Opportunities to Grow in a Challenging World

This report analyzes the potential consequences for the region of selected negative external shocks. It considers how countries can strengthen macroeconomic policy frameworks to mitigate these events and the monetary, fiscal, and debt management policy choices available. However, it also considers opportunities. More and better-targeted infrastructure investments can enhance growth prospects. And while public investment is constrained by tight budgets, the window of opportunity to pursue private financing to boost investments remains open as interest rates are still relatively low. Improving the efficiency of infrastructure services can complement investment efforts to help boost growth without burdening fiscal accounts

Authors:
Date:
121 pages
Topics:
Read/Open
  • English pdf ( Downloads)
  • Spanish pdf ( Downloads)
  • Spanish epub ( Downloads)
  • English epub ( Downloads)
  • Spanish mobi ( Downloads)
  • English mobi ( Downloads)
DOI
  • http://dx.doi.org/10.18235/0001633
News

La República - Colombia - La infraestructura y el bajón económico

2019-04-27
https://www.larepublica.co/analisis/eric-parrado-2855928/la-infraestructura-y-e…

El Financiero - Mexico - La infraestructura puede sacar a América Latina de su bajón económico

2019-04-22
https://www.elfinanciero.com.mx/opinion/colaborador-invitado/la-infraestructura…

El Caribe - República Dominicana - Estabilidad y clima de negocios en RD favorables

2019-04-24
https://www.elcaribe.com.do/2019/04/24/panorama/dinero/bid-estabilidad-y-clima-…

El Día - República Dominicana - Falta de inversión afectará el desarrollo de Latinoamérica

2019-04-24
https://eldia.com.do/falta-de-inversion-afectara-el-desarrollo-de-latinoamerica/

Hoy - República Dominicana - BID advierte sobre riesgo de deuda en dólares

2019-04-24
http://hoy.com.do/bid-advierte-sobre-riesgo-de-deuda-en-dolares/

Diario Libre - República Dominicana - BID: Deficiencias eléctricas afectan crecimiento de RD

2019-04-24
https://www.diariolibre.com/economia/bid-deficiencias-electricas-afectan-crecim…

Listin Diario - República Dominicana - Desaceleración en EE.UU. y China impactará América

2019-04-24
https://listindiario.com/economia/2019/04/24/562575/desaceleracion-en-ee-uu-y-c…

Acento - República Dominicana - Informe del BID prevé grandes impactos sobre el PIB por escasez de inversiones en infraestructura en América Latina y el Caribe

2019-04-24
https://acento.com.do/2019/economia/8674463-informe-del-bid-preve-grandes-impac…

El Dinero - República Dominicana - Informe del BID prevé impactos sobre PIB por escasez de inversiones en infraestructura en América Latina y el Caribe

2019-04-23
https://www.eldinero.com.do/82180/informe-del-bid-preve-impactos-sobre-pib-por-…

Diario Digital RD - República Dominicana - Lo que dice el BID sobre las perspectivas de crecimiento de América Latina y el Caribe

2019-04-23
https://diariodigital.com.do/2019/04/23/lo-que-dice-el-bid-sobre-las-perspectiv…

El Nuevo Diario - República Dominicana - Informe del BID prevé grandes impactos sobre el PIB por escasez de inversiones en infraestructura

2019-04-23
https://elnuevodiario.com.do/informe-del-bid-preve-grandes-impactos-sobre-el-pi…

Diario Hispaniola - República Dominicana - Panorama mundial debilitado reduce las perspectivas de crecimiento de América Latina y el Caribe

2019-04-24
https://www.diariohispaniola.com/noticia/52447/economia/panorama-mundial-debili…

Conexión Digital - República Dominicana - BID: Deficiencias electricas afectan crecimiento de RD

2019-04-24
https://conexiondigital.com.do/index.php/2019/04/24/bid-deficiencias-electricas…

Precisión - República Dominicana - Panorama mundial debilitado reduce perspectivas de crecimiento de América Latina

2019-04-15
http://precision.com.do/index.php/economicas/55730-panorama-mundial-debilitado-…

Diario Dominicano - República Dominicana - Panorama mundial debilitado reduce las perspectivas de crecimiento de América Latina y el Caribe

2019-04-23
https://www.diariodominicano.com/economia/2019/04/23/290686/panorama-mundial-de…

Espacio de Prensa - Republica Dominicana - BID: Deficiencias eléctricas afectan crecimiento de RD

2019-04-23
https://www.espaciodeprensa.com/2019/04/23/bid-deficiencias-electricas-afectan-…

En Segundos.do - República Dominicana - Panorama mundial debilitado reduce las perspectivas de crecimiento de América Latina y el Caribe

2019-04-23
https://ensegundos.do/2019/04/23/panorama-mundial-debilitado-reduce-las-perspec…

Argentarium - República Dominicana - El BID prevé grandes impactos económicos en la región por escasez de inversiones en infraestructura

2019-04-23
https://www.argentarium.com/veedor/noticias/45818-el-bid-preve-grandes-impactos…

El Espectador - Colombia - Las perspectivas del BID marcan un día bursátil mixto en América Latina

2019-04-15
https://www.elespectador.com/economia/las-perspectivas-del-bid-marcan-un-dia-bu…

El Dinero - República Dominicana - BID: América Latina crecerá un 0.8% de promedio en 2019-2021 por desaceleración

2019-04-15
https://www.eldinero.com.do/81904/bid-latinoamerica-crecera-0-8-de-promedio-en-…

El Dinero - República Dominicana - BID pide invertir en infraestructura en América Latina para mejorar desarrollo

2019-04-15
https://www.eldinero.com.do/81886/bid-pide-invertir-en-infraestructura-en-latin…

El Cronista - Argentina - El BID advierte menor crecimiento en la región

2019-04-15
https://www.cronista.com/economiapolitica/El-BID-advierte-menor-crecimiento-en-…

El Economista - México - BID coincide con Hacienda y ve un PIB de México de 2.4% de aquí al 2021

2019-04-15
https://www.eleconomista.com.mx/economia/BID-coincide-con-Hacienda-y-ve-un-PIB-…

Proceso - México - El BID prevé crecimiento de apenas 0.5% para México este año

2019-04-15
https://www.proceso.com.mx/579728/el-bid-preve-crecimiento-de-apenas-0-5-para-m…

Diario Financiero - Chile - BID alerta sobre impacto de desaceleración en EEUU y China en el Cono Sur

2019-04-15
https://www.df.cl/noticias/economia-y-politica/macro/bid-alerta-sobre-impacto-d…

TRT - Turquía - BID reduce perspectivas de crecimiento de América Latina y el Caribe

2019-04-16
https://www.trt.net.tr/espanol/economia/2019/04/16/bid-reduce-perspectivas-de-c…

América Economía - BID reduce a 0,8% en promedio la perspectiva de crecimiento de América Latina al 2021

2019-04-15
https://www.americaeconomia.com/economia-mercados/finanzas/bid-reduce-08-en-pro…

Listin Diario - República Dominicana - BID: Latinoamérica crecerá 0,8 % de promedio en 2019-2021 por desaceleración

2019-04-15
https://listindiario.com/economia/2019/04/15/561446/bid-latinoamerica-crecera-0…

El Nacional - Colombia - BID: Latinoamérica crecerá 0,8% de promedio en 2019-2021 por desaceleración

2019-04-15
http://www.el-nacional.com/noticias/economia/bid-latinoamerica-crecera-promedio…

Sin Embargo - México - El BID recorta la previsión de PIB para México; ve un crecimiento enano de 2019 a 2021: apenas 0.5%

2019-04-15
https://www.sinembargo.mx/15-04-2019/3566738

Portafolio - Colombia - BID recorta su pronóstico de crecimiento para Latinoamérica

2019-04-15
https://www.portafolio.co/economia/bid-recorta-su-pronostico-de-crecimiento-par…

El Colombiano - Colombia - Colombia: a invertir en infraestructura para enfrentar la desaceleración

2019-04-15
https://www.elcolombiano.com/negocios/economia/infraestructura-para-enfrentar-l…

Economia Hoy - México - Las previsiones no confían en el crecimiento económico del 2% de AMLO

2019-04-15
https://www.economiahoy.mx/mercados-eAm-mexico/noticias/9824420/04/19/Las-previ…

Results

2019 Macro Economic Report

 

Previous editions
2018 Latin American and Caribbean Macroeconomic Report

2018 Latin American and Caribbean Macroeconomic Report

A Mandate to Grow

The 2018 Macroeconomic Report, A Mandate to Grow, revisits the growth debate that has been raging in the region for the past half century. Viewing the debate from this long-term perspective allows for a focus on the structural factors that have prevented Latin America and the Caribbean from reaching the growth potential required to keep pace with faster growing regions and to fulfill the aspirations of its population.

2017 Latin American and Caribbean Macroeconomic Report

2017 Latin American and Caribbean Macroeconomic Report

Routes To Growth In A New Trade World

The 2017 Macroreport considers recent developments in the global economy and how they may affect Latin America and the Caribbean. It reviews how countries are adapting to external conditions and how those policies may be improved. This year, the report focuses particularly on deeper and smarter regional integration as an attractive route to boost productivity and growth.

2016 Latin American and Caribbean Macroeconomic Report

2016 Latin American and Caribbean Macroeconomic Report

Time to Act: Latin America and the Caribbean Facing Strong Challenges

The commodities boom that once buoyed the region’s economies is over, and countries have less fiscal space to undertake counter-cyclical policies than they did during the global financial crisis. This year’s Latin American and Caribbean Macro Report surveys the challenges facing the region in a new economic era and offers guidance on how policymakers can reduce long-term risks in a period of lower growth.

2015 Latin American and Caribbean Macroeconomic Report

2015 Latin American and Caribbean Macroeconomic Report

The Labyrinth: How Can Latin America and the Caribbean Navigate the Global Economy

The 2015 Latin American and Caribbean Macroeconomic Report argues that the region is in the midst of a labyrinth and must navigate several global and domestic obstacles—including lower commodity prices and new types of financial risks—to ensure strong and sustainable growth. The report suggests that many countries must make fiscal adjustments to avoid higher debt without compromising the significant social gains of recent years, and details both the types and speed of policies that may be adopted.

2014 Latin American and Caribbean Macroeconomic Report

2014 Latin American and Caribbean Macroeconomic Report

Global Recovery and Monetary Normalization: Escaping a Chronicle Foretold?

Monetary normalization may be a chronicle foretold, but countries still have the power to influence the outcome for their own economies. This report focuses on the risks Latin American and Caribbean countries face and how they can reduce vulnerabilities and enhance opportunities.

2013 Latin American and Caribbean Macroeconomic Report

2013 Latin American and Caribbean Macroeconomic Report

Rethinking Reforms: How Latin America and the Caribbean Can Escape Suppressed World Growth

Global growth projections have waned since last year and growth may be suppressed below potential for several years to come. Lower global growth will, all things being equal, imply lower growth in Latin America and the Caribbean. At the same time, clear limits to the potential use of monetary and fiscal policy measures pose another constraint. Consequently, countries should consider further structural reform measures to enhance economic prospects and to escape suppressed global growth.

2012 Latin American and Caribbean Macroeconomic Report

2012 Latin American and Caribbean Macroeconomic Report

The World of Forking Paths: Latin America and the Caribbean Facing Global Economic Risks

This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that captures the trade, financial and other linkages between the region and the rest of the world. While vulnerabilities remain and external shocks have been and remain critical, the region enjoys many strengths and has developed a growing arsenal of policy tools. What is the balance of vulnerabilities versus strengths? How can countries address the existing vulnerabilities?

Meet the Editors
Eduardo Cavallo

Eduardo Cavallo

Eduardo Cavallo is the Principal Economic Advisor of the Infrastructure and Energy Sector (INE) at the Inter-American Development Bank (IDB). Specializing in international macroeconomics, the economic impacts of climate change and disasters, and infrastructure, Eduardo's scholarship includes seven books and numerous publications in prestigious academic journals. He holds a Ph.D. in Public Policy from Harvard University and a bachelor’s degree in economics from San Andrés University in Buenos Aires, Argentina.

Andrew Powell

Andrew Powell

Andrew Powell is the Principal Advisor in the Research Department of the Inter-American Development Bank (IDB). Andrew has a PhD from Oxford, was Chief Economist of the Central Bank of Argentina and has published numerous academic papers in leading journals in several areas including commodity markets, banking and international finance.