Presentation by Antonio Prado, Deputy Executive Secretary, ECLAC
Presentation by ECLAC Deputy Executive Secretary, Antonio Prado, in the 17th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC).
- 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.