{"id":20989,"date":"2018-10-18T09:55:13","date_gmt":"2018-10-18T13:55:13","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=20989"},"modified":"2018-10-18T09:55:15","modified_gmt":"2018-10-18T13:55:15","slug":"eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/","title":{"rendered":"ECLAC says expansion of economic activity across the region will continue in 2019"},"content":{"rendered":"
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The Economic Commission for Latin America and the Caribbean (ECLAC) says economic activity for countries across the region is set to expand throughout the remainder of this year\u00a0\u00a0and into\u00a0\u00a0the new year.<\/p>

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ECLAC, in updating its growth projections for the countries of the region, on Wednesday,\u00a0\u00a0projected\u00a0\u00a0\u00a0an average expansion of 1.3 per cent in Latin America and the Caribbean this year, slightly lower than that forecast this past August (1.5 percent).\u00a0<\/p>\n\n\n\n

It also foresees a growth rate of 1.8 percent for the region for 2019.<\/p>

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\u201cAs usual, the growth dynamic across countries and subregions will vary,\u201d ECLAC said.\u00a0<\/p>

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It said the economies of South America, which specialize in the production of primary goods, particularly oil, minerals and foods, are expected to grow at a positive rate (0.7 percent) this year, slightly lower than last year.\u00a0<\/p>\n\n\n\n

The commission stated that better performance is expected for this subregion in 2019, with estimated growth of 1.6 percent on average.<\/p>

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As for the economies of Central America, it estimated growth of 3.2 percent for this year and 3.3 percent for 2019. If Central America and Mexico are both taken into account, the projection for 2018 is 2.4 percent and 2.5 percent for 2019, ECLAC said.<\/p>\n\n\n\n

Average expected growth for the English- or Dutch-speaking Caribbean is 1.9 per cent for 2018, a higher revised figure compared to the August projection and this is mainly due to \u201ca more vigorous oil sector in Trinidad and Tobago, the largest economy in the subregion, and influenced, in some cases, by spending efforts on post-natural disaster reconstruction.\u201d<\/p>

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The growth rate expected for the Caribbean region is 2.1 percent, ECLAC said.<\/p>

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\u201cProjections for 2019 are in a context of increasing uncertainty and medium-term risks,\u201d\u00a0\u00a0ECLAC, however, warned. \u201cAn ongoing risk for emerging economies in general, and for Latin America and the Caribbean in particular, is further deterioration of the international financial environment.\u00a0<\/p>\n\n\n\n

\u201cThe high levels of corporate and sovereign debt accumulated over years of lax global financial conditions constitute a risk for some economies that are more exposed to changes in the financial scenario \u2013 greater needs for external financing, greater proportion of foreign currency debt and short-term debt, among others,\u201d ECLAC added.<\/p>\n\n\n\n

Moreover, it noted that trade tensions have been escalating in recent months.\u00a0<\/p>\n\n\n\n

\u201cAlthough these have still only been reflected in moderate revisions to the low volume projected for world trade and global economic activity for 2019, they constitute a risk to regional economic activity.\u201d<\/p>\n\n\n\n

It said trade tensions pose a risk not only to global trade and world economic growth in the medium term but also to raw materials prices and global financial conditions as a whole, \u201cgenerally linked to greater or lesser risk perception.\u201d\u00a0<\/p>\n\n\n\n

\u201cIn light of this international scenario, internal demand will play an important role in the region\u2019s growth over the coming year,\u201d ECLAC said.\u00a0<\/p>\n\n\n\n

\u201cAlbeit with differences between countries, investment is expected to play a greater role, with private consumption continuing to be a major engine for internal demand in 2019,\u201d it added.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The Economic Commission for Latin America and the Caribbean (ECLAC) says economic activity for countries across the region is set to expand throughout the remainder of this year\u00a0\u00a0and into\u00a0\u00a0the new year. ECLAC, in updating its growth projections for the countries of the region, on Wednesday,\u00a0\u00a0projected\u00a0\u00a0\u00a0an average expansion of 1.3 per cent in Latin America and […]<\/p>\n","protected":false},"author":3,"featured_media":19254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-20989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional"],"yoast_head":"\nECLAC says expansion of economic activity across the region will continue in 2019 - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECLAC says expansion of economic activity across the region will continue in 2019\" \/>\n<meta property=\"og:description\" content=\"The Economic Commission for Latin America and the Caribbean (ECLAC) says economic activity for countries across the region is set to expand throughout the remainder of this year\u00a0\u00a0and into\u00a0\u00a0the new year. ECLAC, in updating its growth projections for the countries of the region, on Wednesday,\u00a0\u00a0projected\u00a0\u00a0\u00a0an average expansion of 1.3 per cent in Latin America and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-18T13:55:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-18T13:55:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/08\/Growth-740.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"493\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"ECLAC says expansion of economic activity across the region will continue in 2019\",\"datePublished\":\"2018-10-18T13:55:13+00:00\",\"dateModified\":\"2018-10-18T13:55:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/\"},\"wordCount\":494,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:740\/h:493\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/08\/Growth-740.jpg\",\"articleSection\":[\"Regional\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/\",\"url\":\"https:\/\/antiguanewsroom.com\/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019\/\",\"name\":\"ECLAC says expansion of economic activity across the region will continue in 2019 - 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