UN improves Latin American growth forecast for 2021 jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Projected economic growth in Latin America and the Caribbean in 2021 will not offset 2020 losses caused by the coronavirus pandemic, nor will it roll back increases in poverty and inequality, the UN said Wednesday.
In a 2021 “fiscal panorama” for the region, the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) also projected slow recovery in employment levels “that will not make up for the sharp job losses incurred last year.”
Women were hardest hit, it said, and their participation in the labor market suffered a 10-year setback.
The region reported an average loss of 7.1 percent of GDP in 2020 as the health crisis closed businesses and froze tourism.
At first blush, Joe Biden’s election as U.S. president brings respite from a world threatened by Donald Trump’s climate-denialist, dictator-coddling, xenophobic, racist, misogynist, rules-breaking regime. On second thought, 2021 will also initiate an unwelcome restoration of legitimacy to Western imperialism akin to Barack Obama’s rule.
“Biden’s” (2020) recent
Foreign Affairs article began by stressing how since 2017, “the international system that the United States so carefully constructed is coming apart at the seams.” In reconstructing imperialism, Biden may draw upon a legislative and public-advocacy record dating to the 1980s, based upon consistent service to several internationally ambitious circuits of U.S. capital:
A Pathfinder Perspective
In the immediate aftermath of the onset of the Covid19 pandemic and the unprecedented health and economic crises it unleashed, there was a widespread backlash in sentiment against globalization and open economic policies. The greatly increased human mobility associated with these phenomena were blamed for the rapid spread of the virus to all parts of the globe. The supply-side shocks, related even to basic goods, such as food and medicines, as well as demand pressures emanating from a rise in protectionism, were seen as being the result of the complex supply chains that underpinned the web of cross-border production networks that constitute a major part of the global economy on the one hand and the destruction of employment and incomes in an integrated world economy on the other.
The BVI Beacon
Public to weigh in on development plan
Government is planning a series of public consultations on a National Sustainable Development Plan designed to align with the United Nations Sustainable Development Goals for 2030, according to Premier Andrew …
Dr. June Soomer, lead United Nations Economic Commission for Latin America and the Caribbean consultant for the territoryâs National Sustainable Development Plan, spoke during the launch of the NSDP consultations this month. No public meetings have been scheduled yet, however. (Photo: SCREENSHOT)
Government is planning a series of public consultations on a National Sustainable Development Plan designed to align with the United Nations Sustainable Development Goals for 2030, according to Premier Andrew Fahie.