Increased Future Growth Potential through Reshoring, Digitization, and Economic Diversification
23-Jul-2021
Latin America
Market Research
9AE5-00-35-00-00
CI00762-LA-MT_25605
The economic growth outlook for Central America and the Caribbean (CAC) countries is set to rebound in 2021 from the deep economic contractions experienced in 2020 on account of COVID-19 led disruptions. The region is still heavily dependent on external demand, be it tourism inflows in the Caribbean or trade in Central America.
As global growth is poised to make a growth recovery in 2021, regional growth stands to see improvement in the growth outlook. In this research, Frost & Sullivan has analyzed the macroeconomic outlook for Puerto Rico, Panama, Jamaica, Trinidad and Tobago, Costa Rica, Dominican Republic, Guatemala, Guam, El Salvador, and Honduras until 2028. The region grappled with strict containment measures, not to mention the multiple natural disasters that limited swift economic recovery. Improvement in global trade sentiment and mass vaccination campaigns provide a silver lining to regional growth in 2021.
The study puts into perspective the political backdrop against which economic elements operate. 2020 saw mass protests in several countries on account of discontentment over the handling of Covid-19. As domestic lockdown and border closure are lifted, migration to the US will steadily rise.
Key Issues Addressed
- What factors drive growth in this region? What are the major restraints?
- Are corruption and drug-related violence still major deterrents to investment in this region?
- Has the region seen improvements in political stability in recent years?
- What is the GDP growth outlook for Central American and Caribbean economies?
- What is the political outlook for these economies?
- How much is inflation expected to fluctuate?
- What is the monetary policy stance of these countries?
- How will regional trade be impacted?
- How will US policy changes impact the region?
- What are some of the growth opportunities that businesses can leverage?
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on Central America and the Caribbean
Growth Opportunities Fuel the Growth Pipeline Engine™
Central America and the Caribbean Macroeconomic Overview
Key Economic Growth Metrics
Key Economic Growth Metrics (continued)
Key Economic Growth Metrics (continued)
Key Economic Growth Metrics (continued)
Key Economic Growth Metrics (continued)
Central America and the Caribbean—Economic Trends and Predictions
Economic Growth Drivers in Central America and the Caribbean
Economic Growth Restraints in Central America and the Caribbean
Puerto Rico—Macroeconomic Key Takeaways
Panama—Macroeconomic Key Takeaways
Jamaica—Macroeconomic Key Takeaways
Trinidad and Tobago—Macroeconomic Key Takeaways
Costa Rica—Macroeconomic Key Takeaways
Dominican Republic—Macroeconomic Key Takeaways
Guatemala—Macroeconomic Key Takeaways
Guam—Macroeconomic Key Takeaways
El Salvador—Macroeconomic Key Takeaways
Honduras—Macroeconomic Key Takeaways
Puerto Rico—Political Analysis
Puerto Rico—GDP Growth Outlook
Puerto Rico—Inflation and Interest Rate Outlook
Panama—Political Analysis
Panama—GDP Growth Outlook
Panama—Inflation and Interest Rate Outlook
Jamaica—Political Analysis
Jamaica—GDP Growth Outlook
Jamaica—Inflation and Interest Rate Outlook
Trinidad and Tobago—Political Analysis
Trinidad and Tobago—GDP Growth Outlook
Trinidad and Tobago—Inflation and Interest Rate Outlook
Costa Rica—Political Analysis
Costa Rica—GDP Growth Outlook
Costa Rica—Inflation and Interest Rate Outlook
Dominican Republic—Political Analysis
Dominican Republic—GDP Growth Outlook
Dominican Republic—Inflation and Interest Rate Outlook
Guatemala—Political Analysis
Guatemala—GDP Growth Outlook
Guatemala—Inflation and Interest Rate Outlook
Guam—Political Analysis
Guam—GDP Growth Outlook
Guam—Inflation and Interest Rate Outlook
El Salvador—Political Analysis
El Salvador—GDP Growth Outlook
El Salvador—Inflation and Interest Rate Outlook
Honduras—Political Analysis
Honduras—GDP Growth Outlook
Honduras—Inflation and Interest Rate Outlook
2021 Global Growth Scenario Analysis
2021 US Economic Outlook
US Policy Impact Analysis
Growth Opportunity 1—Rise in Regional Production Opportunities as Businesses Reshore
Growth Opportunity 1—Rise in Regional Production Opportunities as Businesses Reshore (continued)
Growth Opportunity 2—Leverage the Expansionary Monetary Policy for Post-pandemic Recovery
Growth Opportunity 2—Leverage the Expansionary Monetary Policy for Post-pandemic Recovery (continued)
Growth Opportunity 3—Expansion of Cold Chain Infrastructure for Vaccine Distribution
Growth Opportunity 3—Expansion of Cold Chain Infrastructure for Vaccine Distribution (continued)
Growth Opportunity 4—Investment Opportunities in New Industries through Economic Diversification Initiatives
Growth Opportunity 4—Investment Opportunities in New Industries through Economic Diversification Initiatives (continued)
Growth Opportunity 5—Leverage the Rebound in Consumer Demand Across Industries Driven by Remittance Recovery
Growth Opportunity 5—Leverage the Rebound in Consumer Demand Across Industries Driven by Remittance Recovery (continued)
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Key Issues Addressed
- What factors drive growth in this region? What are the major restraints?
- Are corruption and drug-related violence still major deterrents to investment in this region?
- Has the region seen improvements in political stability in recent years?
- What is the GDP growth outlook for Central American and Caribbean economies?
- What is the political outlook for these economies?
- How much is inflation expected to fluctuate?
- What is the monetary policy stance of these countries?
- How will regional trade be impacted?
- How will US policy changes impact the region?
- What are some of the growth opportunities that businesses can leverage?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Sambhavy Shrestha |
| Industries | Cross Industries |
| WIP Number | 9AE5-00-35-00-00 |
| Is Prebook | No |
| GPS Codes | 9A6B |
Central America and the Caribbean Shows Gradual Recovery from the Disruptive Impact of COVID-19
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