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Latin American Economic Outlook 2021

Despite rapid and well‑targeted policy action to respond to the crisis, the Latin American and Caribbean (LAC) region has been the global epicentre of the COVID -19 pandemic with the greatest socio-economic impacts. Although positive growth is foreseen for 2021, gross domestic product per capita is not expected to return to pre‑crisis levels before 2023‑24. The impact of the crisis has been asymmetric, particularly affecting the most vulnerable groups. The Latin American Economic Outlook, Working together for a better recovery, aims to analyse and provide policy recommendations for a strong, inclusive and environmentally sustainable recovery in the region.

The report explores in particular policy actions to improve social protection mechanisms and increase social inclusion, fostering regional integration and strengthening industrial strategies. It also highlights the need to rethink the social contract to restore trust and empower citizens at all stages of the policy‑making process. Finally, this report insists on the importance to continue renewing international co-operation to support these policy actions. The publication includes three cross‑cutting themes: climate change and the green recovery; the digital transformation and the gender dimension.

Since 2007, the annual Latin American Economic Outlook report has analysed issues related to economic and social development in Latin America. It is published jointly by the Development Centre of the Organisation for Economic Co-operation and Development (OECD), the United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC), CAF -Development Bank of Latin America, and the European Commission.


Press release: Latin America and the Caribbean: Time for reforms to address long-standing challenges


 

Watch the launch event 

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Launch event

2 December 2021 | 14:30 CET
 
 
 
 
 

 High-level presidential dialogue

  • H.E. Carlos Alvarado Quesada, President of the Republic of Costa Rica
  • H.E. Iván Duque, President of the Republic of Colombia
  • H.E. Guillermo Lasso, President of the Republic of Ecuador
  • Moderated by Alicia Bárcena, Executive Secretary of UN-ECLAC

Panel Discussion: Latin American Economic Outlook 2021: Working Together for a Better Recovery - Key Messages

  • Alicia Bárcena, Executive Secretary of UN-ECLAC
  • Sergio Díaz-Granados, Executive President of the Development Bank of Latin America (CAF)
  • Jutta Urpilainen, Commissioner for International Partnerships, European Commission
  • Mathias Cormann, Secretary-General of the OECD
  • Moderated by Ragnheiður Elín Árnadóttir, Director of the OECD Development Centre

Areas of discussion included:

  • recommended policy actions to improve social protection mechanisms and increase social inclusion;
  • ways to foster regional integration and strengthen industrial strategies;
  • how rethinking the social contract can help restore trust and empower citizens at all stages of the policy making process;
  • how rethinking the social contract can help restore trust and empower citizens at all stages of the policy making process;
  • the need for “sustainable and adapted” macro-economic frameworks to finance the recovery;
  • the key role of international co-operation in supporting these policy actions.

 

Country Notes


Forthcoming

Previous editions

Latin American Economic Outlook 2020:
Digital Transformation for Building Back Better

See More...

Latin American Economic Outlook 2019:
Development in Transition

See More...

Latin American Economic Outlook 2018:
Rethinking Institutions for Development

See More...

Latin American Economic Outlook 2017:
Youth, Skills and Entrepreneurship

See More...

Latin American Economic Outlook 2016:
Towards a New Partnership with China

See More... (中文)

LAEO 2015 cover

Latin American Economic Outlook 2015:
Education, Skills and Innovation for Development

See More...

LAEO 2014 cover

Latin American Economic Outlook 2014:
Logistics and competitiveness for development

See More...

LAEO 2013 cover

Latin American Economic Outlook 2013:
SME Policies for Structural Change

See More...

LAEO 2012 cover

Latin American Economic Outlook 2012:
Transforming the State for Development

See More...

LAEO 2011 cover

Latin American Economic Outlook 2011:
How Middle-Class is Latin America?

See More...

LAEO 2010 cover

Latin American Economic Outlook 2010:
Migration and Remittances in Latin America

See More...

LAEO 2009 cover

Latin American Economic Outlook 2009:
Fiscal Policy

See More...

Latin American Economic Outlook 2008

See More...

 

The Latin American Economic Outlook

 

The Latin American Economic Outlook is the OECD Development Centre’s annual analysis of economic and social developments in Latin America in partnership with the Economic Commission for Latin America and the Caribbean (UN ECLAC), the Development Bank of Latin America (CAF) and the European Commission (EC). Each edition covers a detailed macro-structural socio-economic overview of the region. It also includes an in-depth look at a special theme related to development in Latin America, taking into account the strategic challenges and opportunities the region will have in the future.

 

In partnership with:

With the support of: