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New ECLAC Report Examines the Performance of the Region's Economies in the First Few Months of 2012

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8 June 2012|Press Release

Study provides an overview of the first quarter and growth prospects for the rest of the year.

(7 June 2012) In the first quarter of 2012, there was less of a slowdown in economic activity in the region's countries than the one observed during the second semester of 2011. The scale of and reasons behind the performance, as well as the implications of the subsequent worsening of the external climate, are analysed in a new macroeconomic report from the Economic Commission for Latin America and the Caribbean (ECLAC).

The study will be launched on Thursday 14 June at 11:00 a.m. by Alicia Bárcena, Executive Secretary of the United Nations agency, at a press conference due to be held at the ECLAC headquarters in Santiago, Chile.

In the Macroeconomic Report on Latin America and the Caribbean, June 2012, ECLAC presents an analysis of how Latin American and Caribbean countries performed in the first quarter of 2012, and provides an outlook for the rest of the year.

With this report, ECLAC broadens out its studies that had previously been limited to the Economic Survey of Latin America and the Caribbean and the Preliminary Overview of the Economies of Latin America and the Caribbean, in order to regularly examine the region's macroeconomic performance.

The first report covers January-March 2012, and includes the following topics:

  • External climate (particularly the situation in Europe).
  • Performance of Latin American and Caribbean economies in the first quarter of 2012, including internal demand, inflation, employment, wages, trade, terms of trade, remittances and tourism.
  • Analysis of macroeconomic policy in the region.
  • Economic prospects for the rest of 2012.
  • Public policy response to the external climate.

The media are invited to take part in the press conference, which will be held at the ECLAC headquarters (Av. Dag Hammarskjöld 3477, Vitacura, Santiago, Chile, Celso Furtado Conference Room).

Any queries and interview requests should be sent to the ECLAC Public Information and Web Services Section. E-mail: dpisantiago@cepal.org; Telephone: (56 2) 210 2040.

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