Pasar al contenido principal
Disponible enEnglish

Caribbean Outlook 3: Economic recovery and repositioning in the era of COVID-19. Policy Brief

Publication cover

Caribbean Outlook 3: Economic recovery and repositioning in the era of COVID-19. Policy Brief

Autor institucional: NU. CEPAL. Sede Subregional para el Caribe Descripción física: 6 páginas. Editorial: ECLAC, Subregional Headquarters for the Caribbean Fecha: Enero 2023 Signatura: LC/CAR/2022/7

Descripción

The economies of the subregion were hard hit by the COVID-19 pandemic, particularly those dependent on tourism. As a result, the Caribbean has seen a reversal of the hard-won gains achieved in growing their economies and reducing unemployment and inequality. The inflation stemming from pandemic supply chain disruption, which has been exacerbated by the war in Ukraine, has made the sustained uptick in economic performance beyond pre-pandemic levels unlikely, notwithstanding strong growth estimates for 2021 and 2022. The last two years have taught the region that continued ‘business as usual’ is no longer an option for advancing sustainable development. As such, recovery and repositioning of the economies must take place in all sectors for the subregion to thrive.