نبذة مختصرة : The Latin America and Caribbean region faces a very different outlook from what was foreseen six months ago. Despite continued progress on reducing inflation, LAC continues to grow more slowly than any other region of the world and increasing its dynamism and job creation potential faces new and daunting challenges. First, higher and more persistent inflation than anticipated in the advanced countries has slowed global interest rate declines which constrains regional monetary authorities’ ability to loosen monetary policy. Second, higher interest payments on debt consume an increasing share of government revenue impeding progress on reducing deficits and creating fiscal space for necessary public investment. Third, rising tariffs have driven up uncertainty around the nature of the global trade order, threaten market access for exports, and call into question the nearshoring project. Fourth, increased return migration will, in some cases, stress local labor markets and dampen remittances. Fifth, organized crime, and the violence that accompanies it continues to expand, reducing the quality of life of citizens, dampening economic growth, and undermining the integrity of public institutions. Progress on the fiscal front, as well as continued productivity related reforms to make the region more able to negotiate a changing environment are needed. ; La región de América Latina y el Caribe (ALC) enfrenta un panorama muy diferente al previsto hace seis meses. A pesar de los continuos avances en la reducción de la inflación, ALC sigue creciendo más lentamente que cualquier otra región del mundo y el aumento de su dinamismo y potencial de creación de empleo enfrenta nuevos y enormes desafíos. En primer lugar, una inflación más alta y persistente de lo previsto en los países avanzados ha ralentizado la caída de las tasas de interés mundiales, lo que limita la capacidad de las autoridades monetarias regionales para relajar la política monetaria. En segundo lugar, el aumento de los pagos de intereses de la deuda consume una ...
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