Opportunities for Boosting: Output, Employment and Value Chains: Economic Report on Central America, Mexico, Panama and the Dominican Republic
Year: 2023
Content-Type: Report
Description: In 2021, the region comprising Central America, Panama, and the Dominican Republic (CAPARD) managed to reverse somewhat the downturn in economic activity it had experienced during the COVID-19 pandemic. In 2022, there was a slowdown in the global economy as a result of Russia’s invasion of Ukraine and rising inflation and interest rates, one that is expected to continue into 2023. In this climate, CAPARD proved slightly more resilient in 2022 thanks to the recovery of the tourism sector and rise in agricultural exports. However, the region is set to follow a downward trend in 2023 in the wake of weaker global demand and higher interest rates. This report examines the production structure of the countries of the region in order to pinpoint strategies for economic recovery, job creation, and export diversification. In this way, public policy responses will be able to take into account the specific characteristics of each sector
Pages: 68 pages
Author: Ruiz-Arranz, Marta; López, Arnoldo; Eggers Prieto, Carlos; Martin, Lucia; Monge, Mauricio
Categories: Economic Development / Stability, Economy, Global Outlook, Human Development, Investments, Policy / Governance, Publications, Urban
Tags: Developing Countries, Economic Development, Global Outlook, Investments, Public policies