Economic Crisis

How the pandemic is going in the world economy: first half of 2020

Jue, 08/20/2020 - 14:35 -- anegrete

The first half of 2020 is possibly the worst since economic statistics have been published. We do not have the statistics of the first semester of 1872, but it is worse than the first semester of 1930; and it is much worse than the first semester of 2009 or the last semester of 2008.
The Latin American countries with the greatest fall in production were Peru and Mexico, while Brazil fell less. ECLAC reported that industrial production in April fell 14.1% in Chile, 15.1% in Brazil, 20.1% in Colombia, 26.4% in Argentina, 29.3% in Mexico and 40.5% in Peru.
The Asian countries seem to be recovering from a V-shaped crisis while those in Europe, North and South America are going through a U-shaped crisis or perhaps even one with a slower recovery and not reaching the original pre-Covid-19 level. This will have future implications for global economic leadership.

Covid-19 in the world economy: momentum and retreat

Jue, 07/02/2020 - 19:40 -- anegrete

The growth forecasts for the world economy at the beginning of the year were optimistic. At the end of June, world production is projected to be -4.9% (IMF) -5.2% (World Bank) and -6% (OECD). According to the president of the World Bank, Malpass, the year 2020 is the worst in terms of growth since the crisis of 1929 and possibly since the long depression of 1872.

The impact on growth dynamics has been global. However, the experience of the pandemic in emerging economies is far from that of advanced economies. The question is why Governments with greater fiscal and monetary capacity to implement counter-cyclical policies have similar growth outcomes.

The challenges are to generate an economic renaissance that promotes employment, sustainable agriculture, shortening global value chains, increasing the use of renewable energy and discovering a vaccine and treatment that are universal and free.

The United States and the finances of the pandemic

Lun, 06/22/2020 - 15:36 -- anegrete

During the pandemic, the United States and its institutions have taken measures that have had an impact on providing liquidity to the international system. In Latin America these have come through the IMF but also through agreements with the US central bank (FED).
In the context of the bankruptcy of companies, hotels, restaurant chains and the loss of investment grade, the US has seen a doubling of dividends per share versus earnings per share in banking. In these conditions, stock markets have, on the contrary, shown a strong recovery, even reaching new highs (Nasdaq).
The increase in liquidity by the FED and the central bank has allowed the stock exchanges to recover without a recovery in production, and high levels of unemployment, low levels of consumption and destruction of production, in a contradiction that leads to an increase in the already existing inequality.

The profitability of the oil industry

Vie, 05/01/2020 - 15:24 -- anegrete

The crisis over COVID-19 has hit the world economy as a whole. This note reviews the effects on the oil industry, the fall in the volume of world supply and demand, and the prices of crude oil quoted on international markets.

After the collapse of the oil price, a recovery in the energy sector will depend on the improvement in the price and the speed with which it is achieved. Prices are expected to remain low, and the sector is expected to suffer despite the market recovery.

In view of this negative environment in the industry, the possibility of greater investment in alternative energies and consequently a deepening of the change in the energy matrix must be envisaged.

The financialisation of the covid19 crisis

Mié, 04/29/2020 - 19:04 -- anegrete

The economic crisis that accompanies the COVID19 and its health crisis have generated stock market collapses that had never been seen before. The decline has been more marked than that which occurred between 1929-31 and deeper.

Between February 25 and March 23, the financial markets had lost more than 30% of the value of their assets and the outlook was worse. The immediate solution was to inject the financial system in the United States, which was reproduced by the ECB and the Bank of England.

On the contrary, the US economy has accumulated, since February 2020, more than 27 million jobs lost, the highest in its history. The question of the rescue of the stock markets in the face of uncontrollable unemployment raises the question of the importance of the financial sector for decision-makers and policy makers.

Reunión de Consulta sobre La Crisis Financiera y Comercio: Hacia una Respuesta Integrada en América Latina y el Caribe

Mié, 01/06/2010 - 14:15 -- Anónimo (no verificado)

El objetivo del encuentro consistió en evaluar los efectos de la crisis económica global sobre la estructura comercial internacional en sus vínculos con el sector financiero mundial, así como las manifestaciones resultantes de esos efectos para América Latina y el Caribe.

Acumulación de Capital, Políticas Fiscales y Exportaciones en América Latina: 1986-2008

Vie, 12/11/2009 - 13:18 -- Anónimo (no verificado)
El equipo de trabajo del OBELA en cabeza del Dr. Oscar Ugarteche presenta este conjunto de análsis sobre América Latina que se centra en la mirada a la acumulación de capital enmarcada en las reformas que anfrenta el contienente en las últimas dos décadas.

La tributación directa en América Latina: equidad y desafíos. El caso de Perú Descargar
Luis Alberto Arias Minaya

Autor: 

Desafiando la Crisis - Boletín Electrónico No. 3

Mar, 11/17/2009 - 11:56 -- Anónimo (no verificado)

La Fundación Friedrich Ebert publica en el mes de Noviembre su más reciente informe de seguimiento a la Crisis Financiera y Económica Mundial, es el último de tres informes que ha realizado durante el presente año en donde además de hacer seguimiento a los pronunciamientos de los Organismos Multilaterales, presenta las perspectivas para América Latina. Ver Tercer Boletín

Economic and Social Council Informal Consultations in relation to the report of the Secretary General

Jue, 10/22/2009 - 14:17 -- Anónimo (no verificado)

La presidenta del Consejo Económico y Social de Naciones Unidas Sylvie Lucas (Permanent Representative of Luxembourg), convocó a una reunión informal con el fin de promover una respuesta coordinada del sistema de naciones unidas para el desarrollo y los organismos encargados del seguimiento y aplicación de los resultados de la "Conferencia sobre la Crisis Económica y Financiera Mundial y sus Impactos en el Desarrollo".

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