Employment remains below GDP growth.
The Dominican Republic’s economy will grow by 5.3%, according to ECLAC, higher than the average for Latin America and the Caribbean, which is 2.7%. Venezuela will lead the region’s growth with 10%, Panama with 7% and Colombia with 6.5%.
The Economic Commission for Latin America and the Caribbean (ECLAC) stressed yesterday that there is a context of strong macroeconomic restrictions affecting the economies of the region.
These include intense inflationary pressures, sluggish job creation, falling investment and growing social demand.
“This situation has created major challenges for macroeconomic policy, which must reconcile policies that promote economic recovery with policies aimed at controlling inflation and ensuring the sustainability of public finances,” said Mario Cimoli, Executive Secretary by of ECLAC, at the launch of the Economic Conference. Survey 2022.
Cimoli pointed out that in countries such as the Dominican Republic, Brazil, Chile, Colombia, Costa Rica and others, the curve that reflects the evolution of employment is almost always lower than the curve that indicates the behavior of economic activity.
He indicated that in Central America, Mexico and the Dominican Republic, the immediate result should reach a level close to balance in 2022, with a deficit equivalent to 0.3% of GDP, similar to the values observed before the pandemic. .