Presentation by Antonio Prado, Deputy Executive Secretary, ECLAC
Abstract:
Presentation by ECLAC Deputy Executive Secretary, Antonio Prado, in the 17th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC).
Excerpt:
Emerging challenges
- Region has experienced lower GDP growth since the post crisis period with an average of 1.2% in 2014.
- ECLAC projects that in 2015 growth will be 2.2% but many countries will be in the 1% range.
- Low growth has generated high levels of unemployment especially among young people.
- Fiscal challenges limit governments’ ability to maintain social protection programs.
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