Experts on Latin America and the Caribbean (LAC) will be speaking on economic growth in the LAC region, covering current developments, the outlook, and policy priorities. Given the challenging external environment, prominent downside risks, and still negative output gaps in the region, policies will need to strike a balance between supporting growth and rebuilding policy space.
Economic growth in the LAC region has slowed from 1.0 percent in 2018 to 0.2 percent in 2019, but a tentative pick-up to 1.8 percent is expected in 2020. External factors and policy uncertainty in some large countries remain a headwind to growth in the region. In this context, the panel will explore how the LAC economies will need to rely on domestic sources of growth to accelerate the recovery, though the risks to the outlook remain tilted to the downside.
The presentation will also include a discussion of the background analytical papers, including one on the recent trends on capital flows, the impact of fiscal consolidations on sovereign spreads, and the need for structural reforms given informality and the labor market dynamics in the region.
Alejandro Werner is Director of the Western Hemisphere Department of the International Monetary Fund.
Dr Veronica Rappoport is Associate Professor of Management, Department of Management, LSE and Second Deputy Governor of the Central Bank of Argentina.
Jorge Roldos is Assistant Director in the Western Hemisphere Department of the International Monetary Fund, where he heads the Regional Studies Division.
Professor Andrés Velasco (@AndresVelasco) is Dean of the School of Public Policy, LSE.
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Twitter hashtag for this event is #LSELAC
A podcast of this event is available to download from Regional Economic Outlook for Latin America and the Caribbean: Stunted by Uncertainty.
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