Macroeconomic and Automotive Prospects of Choose Latin American and Caribbean Nations


DUBLIN, Sept. 13, 2019 /PRNewswire/ — The “Macroeconomic and Automotive Prospects of Choose Latin American and Caribbean Nations, Forecast to 2023” report has been added to ResearchAndMarkets.com’s providing.

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This analysis tracks the economies of Costa Rica, the Dominican Republic, Guatemala, Jamaica, Panama, and Puerto Rico. The analysis offers insights into the macroeconomic and automotive outlook for these choose Latin American and Caribbean economies, with forecasts till 2023. Subject areas analyzed embody the gross home product (GDP) progress, the labor market, and the sunshine autos gross sales outlook for the international locations in focus.

Whereas Costa Rica, Guatemala, Jamaica, and Trinidad and Tobago are anticipated to see their GDP progress price marginally rise over the forecast interval, the Dominican Republic and Panama are anticipated to see a marginal dip in GDP progress whereas nonetheless sustaining robust progress charges of over 5%. Puerto Rico, nonetheless, continues to stay in recession, with progress anticipated to stay unfavorable till 2024.

Emergence from recession is anticipated by 2025, supported specifically by widespread reform actions. Potential attainment of statehood by 2025 is anticipated to assist convey in additional funding and additional speed up medium-term progress. All of the international locations are anticipated to see unemployment charges decline within the forecast interval.

The declining development in Puerto Rico, nonetheless, will not be a lot a optimistic signal, as a result of it’s largely being pushed by migration, with expert employees, specifically, migrating from the nation in giant numbers. Guatemala has the bottom unemployment price amongst the international locations in focus, with an unemployment price of two.3% in 2018, which is anticipated to dip to 2.0% by 2019, supported specifically by a pick-up in financial exercise.

Whereas Guatemala’s official unemployment is low, casual unemployment charges, nonetheless, are excessive. Trinidad and Tobago noticed its unemployment rise in 2018, with unemployment ranges anticipated to slip going ahead, because the nation has emerged from recession. On account of the sunshine autos gross sales outlook, Costa Rica, Guatemala, and Jamaica are anticipated to see sluggish progress over the forecast interval whereas the Dominic Republic, Panama, and Trinidad & Tobago will develop sooner primarily as a consequence of optimistic financial circumstances. Puerto Rico will not be anticipated to see a spike in gross sales within the subsequent 5 years.

Key Points Addressed

  • What’s the GDP progress outlook for the choose Latin American and Caribbean economies?
  • What are the important thing GDP progress drivers and restraints?
  • How are unemployment charges anticipated to evolve over the forecast interval?
  • What’s the labor pressure outlook for the international locations in focus?
  • What’s the outlook for gentle car gross sales?
  • How will gentle car gross sales be formed by key influencing components corresponding to election years and authorities mobility insurance policies?

Key Subjects Lined:

Govt Abstract

  • Costa Rica-Key Takeaways
  • Dominican Republic-Key Takeaways
  • Guatemala-Key Takeaways
  • Jamaica-Key Takeaways
  • Panama-Key Takeaways
  • Puerto Rico-Key Takeaways
  • Trinidad and Tobago-Key Takeaways

Analysis Scope

Costa Rica

  • GDP Progress Outlook
  • Labor Market Outlook
  • Mild Automobile Gross sales Outlook

Dominican Republic

  • GDP Progress Outlook
  • Dominican Republic-Labor Market Outlook
  • Dominican Republic-Mild Automobile Gross sales Outlook

Guatemala

  • GDP Progress Outlook
  • Labor Market Outlook
  • Mild Automobile Gross sales Outlook

Jamaica

  • GDP Progress Outlook
  • Labor Market Outlook
  • Mild Automobile Gross sales Outlook

Panama

  • Panama-GDP Progress Outlook
  • Panama-Labor Market Outlook
  • Mild Automobile Gross sales Outlook

Puerto Rico

  • Puerto Rico-GDP Progress Outlook
  • Puerto Rico-Labor Market Outlook
  • Mild Automobile Gross sales Outlook

Trinidad and Tobago

  • GDP Progress Outlook
  • Trinidad and Tobago-Labor Market Outlook
  • Mild Automobile Gross sales Outlook

Progress Alternatives and Corporations to Motion

Key Conclusions

For extra details about this report go to https://www.researchandmarkets.com/r/i6hzb6

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