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LATIN AMERICAN GROWTH 2021/2022

ECLAC (Aug, 2021) expected these results:



In April 2021, the IMF expected the following:


IMF (April, 2021): "Globally, the economy is likely to grow 6% in 2021 – a pace not seen since 1976, all because of the COVID-19 pandemic stimulus"



"The global economy is projected to grow 6.0 percent in 2021 and 4.9 percent in 2022. The 2021 global forecast is unchanged from the April 2021 WEO, but with offsetting revisions. Prospects for emerging markets and developing economies have been marked down for 2021, especially for Emerging Asia. By contrast, the forecast for advanced economies is revised up. These revisions reflect pandemic developments and changes in policy support. The 0.5 percentage-point upgrade for 2022 derives largely from the forecast upgrade for advanced economies, particularly the United States, reflecting the anticipated legislation of additional fiscal-support in the second half of 2021 and improved health metrics more broadly across the group."



"The global economy is projected to grow 5.9 percent in 2021 and 4.9 percent in 2022, 0.1 percentage point lower for 2021 than in the July forecast. The downward revision for 2021 reflects a downgrade for advanced economies—in part due to supply disruptions—and for low-income developing countries, largely due to worsening pandemic dynamics. This is partially offset by stronger near-term prospects among some commodity-exporting emerging market and developing economies. Rapid spread of Delta and the threat of new variants have increased uncertainty about how quickly the pandemic can be overcome. Policy choices have become more difficult, with limited room to maneuver. "


According to the World Bank, three countries had operations for vaccine access: Argentina, Ecuador, and El Salvador:



Impact investment and financing will be key for a faster recovery in 2022.



OP CIT


BRICS countries have already converged to their pre-crisis growth trends, and are expected to grow less during 2023.

Low-income countries have also converged, but are expected to grow faster in 2023.

High-income countries will have high growth rates during 2022, and will converge to their traditional pre-pandemic growth level in 2023.


It seems the World will benefit if more global-local impact investments and trade is performed among high-income countries and more money is channeled to low-income countries during 2022, with emphasis on expecting results in 2023.

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