Latin American Economic Outlook 2022
Towards a Green and Just Transition
![image of Latin American Economic Outlook 2022 image of Latin American Economic Outlook 2022](https://assets.oecdcode.org/covers/100/3d5554fc.jpg)
What challenges and opportunities does the green transition entail for Latin America and the Caribbean? This 15th edition of the Latin American Economic Outlook explores options for the region to recast its production models, transform its energy matrix and create better jobs in the process. It argues that, for this transition to be just, stronger social-protection systems and open dialogue must help build new, sustainable social contracts. In support of this ambitious agenda, the report presents an array of financing options, including green finance, and advocates for renewed international partnerships.
Also available in: Spanish
Addressing the structural macro context to drive the green transition
The COVID-19 recovery in Latin America and the Caribbean (LAC) is slowing down, reflecting low potential growth and an increasingly complex international context driven by Russia’s war against Ukraine and an economic slowdown in China. The socio-economic consequences of COVID-19 linger, with poverty and extreme poverty still high. With macroeconomic policy space being reduced, most LAC countries will face the multidimensional challenge of balancing recovery stimulus, financing the green transition, and protecting the most vulnerable, particularly from the impact of inflationary pressures. After analysing the global context, this chapter presents the economic performance and critical factors affecting the pace and shape of the recovery in LAC. The chapter then analyses the weight of climate change on fiscal accounts and explores some options to mobilise further resources to promote the green transition. Before concluding, the chapter discusses the deteriorated post-COVID-19 social conditions, particularly poverty and inequality, and the need to strengthen social protection systems.
Also available in: Spanish
- Click to access:
-
Click to download PDF - 1,014.64KBPDF