Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality

After mediocre growth in 2018 of 0.7 percent. LAC is expected to perform only marginally better in 2019 (growth of 0.9 percent) followed by a much more solid growth of 2.1 percent in 2020. LAC will face both internal and external challenges during 2019. On the domestic front. the recession in Argent...

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Main Authors:	Vegh, Carlos A., Vuletin, Guillermo, Riera-Crichton, Daniel, Puig, Jorge, Camarena, José Andrée, Galeano, Luciana, Morano, Luis, Venturi, Lucila
Format:	Serial
Language:	English
Published:	Washington, DC: World Bank 2019
Subjects:	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT
Online Access:	http://hdl.handle.net/10986/31483

id	okr-10986-31483
recordtype	oai_dc
spelling	okr-10986-314832021-04-23T14:05:04Z Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality Vegh, Carlos A. Vuletin, Guillermo Riera-Crichton, Daniel Puig, Jorge Camarena, José Andrée Galeano, Luciana Morano, Luis Venturi, Lucila GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT After mediocre growth in 2018 of 0.7 percent. LAC is expected to perform only marginally better in 2019 (growth of 0.9 percent) followed by a much more solid growth of 2.1 percent in 2020. LAC will face both internal and external challenges during 2019. On the domestic front. the recession in Argentina; a slower than expected recovery in Brazil from the 2014-2015 recession, anemic growth in Mexico. and the continued deterioration of Venezuela. present the biggest challenges. On the external front. the sharp drop in net capital inflows to the region since early 2018 and the monetary policy normalization in the United States stand among the greatest perils. Furthermore, the recent increase in poverty in Brazil because of the recession points to the large effects that the business cycle may have on poverty. The core of this report argues that social indicators that are very sensitive to the business cycle may yield a highly misleading picture of permanent social gains in the region. 2019-04-02T19:11:00Z 2019-04-02T19:11:00Z 2019-04-04 Serial 978-1-4648-1413-6 http://hdl.handle.net/10986/31483 English LAC Semiannual Report; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Latin America & Caribbean Caribbean Central Africa Latin America South America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT
spellingShingle	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT Vegh, Carlos A. Vuletin, Guillermo Riera-Crichton, Daniel Puig, Jorge Camarena, José Andrée Galeano, Luciana Morano, Luis Venturi, Lucila Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality
geographic_facet	Latin America & Caribbean Caribbean Central Africa Latin America South America
relation	LAC Semiannual Report;
description	After mediocre growth in 2018 of 0.7 percent. LAC is expected to perform only marginally better in 2019 (growth of 0.9 percent) followed by a much more solid growth of 2.1 percent in 2020. LAC will face both internal and external challenges during 2019. On the domestic front. the recession in Argentina; a slower than expected recovery in Brazil from the 2014-2015 recession, anemic growth in Mexico. and the continued deterioration of Venezuela. present the biggest challenges. On the external front. the sharp drop in net capital inflows to the region since early 2018 and the monetary policy normalization in the United States stand among the greatest perils. Furthermore, the recent increase in poverty in Brazil because of the recession points to the large effects that the business cycle may have on poverty. The core of this report argues that social indicators that are very sensitive to the business cycle may yield a highly misleading picture of permanent social gains in the region.
format	Serial
author	Vegh, Carlos A. Vuletin, Guillermo Riera-Crichton, Daniel Puig, Jorge Camarena, José Andrée Galeano, Luciana Morano, Luis Venturi, Lucila
author_facet	Vegh, Carlos A. Vuletin, Guillermo Riera-Crichton, Daniel Puig, Jorge Camarena, José Andrée Galeano, Luciana Morano, Luis Venturi, Lucila
author_sort	Vegh, Carlos A.
title	Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality
title_short	Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality
title_full	Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality
title_fullStr	Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality
title_full_unstemmed	Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality
title_sort	effects of the business cycle on social indicators in latin america and the caribbean : when dreams meet reality
publisher	Washington, DC: World Bank
publishDate	2019
url	http://hdl.handle.net/10986/31483
_version_	1764474429380755456

Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality

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