Results in the Latin America and Caribbean Region 2018, Volume 12
The Latin America and the Caribbean region is growing again after a number of difficult years. However, the recovery is fragile and the prospects for 2018 are falling short of initial expectations due to challenges faced by some of the countries in...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/279861644215904461/2018-Results-in-the-Latin-America-and-Caribbean-Region http://hdl.handle.net/10986/36932 |
| Summary: | The Latin America and the Caribbean
region is growing again after a number of difficult years.
However, the recovery is fragile and the prospects for 2018
are falling short of initial expectations due to challenges
faced by some of the countries in our region, particularly
in South America. These challenges highlight the need to
focus on supporting faster and more equitable growth to make
sure that the profound social transformation the region
experienced during the first decade of the century is
protected and expanded. During that time, the commodity boom
fueled strong and widespread growth, cutting poverty rates
in half. However, the pace of poverty reduction and growth
of the middle class has stalled since then. Fortunately, the
gains have not been reversed, but many people remain
vulnerable to slipping back into poverty. |
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