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rdf:type	schema:NewsArticle
schema:articleBody	Latin American countries should register GDP growth of 4.1 percent on average in 2021, a UN agency said, a better figure than previously forecast but not enough to make up for coronavirus losses. The previous forecast of the UN Economic Commission for Latin America and the Caribbean (ECLAC), in December, had been for growth of 3.7 percent in 2021. In 2020, the region saw its economy contract 7.1 percent as it was ravaged by the Covid-19 pandemic. The updated growth projection, said ECLAC executive secretary Alicia Barcena, will not allow the region "to return to the level of (economic) activity before the pandemic." Furthermore, the region's economic recovery depended on numerous "uncertainties," including access to vaccines and the shots' efficacy, which was "also not guaranteed," she said. Hard-hit by the economic and social impacts of the pandemic, Latin America and the Caribbean risk a recovery that will be "asymmetrical, divergent, and lead to more disparities," said Barcena. The region now has about 44 million unemployed people, a situation the ECLAC boss said was due to "old structural" problems in Latin America's economic development that worsened the pandemic hit. Any future recovery will have to include significant structural, fiscal and institutional reforms, said the commission, to allow for "inclusive and sustainable development." pa/els/esp/mlr/jm
schema:headline	UN improves Latin American growth forecast for 2021
schema:mentions	Latin America Caribbean Latin Spain Gross domestic product United Nations Pandemic United States Coronavirus disease 2019 United Nations Economic Commission for Latin America and the Caribbean Alicia Gallagher Sustainable development
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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