1945

ECLAC estimates that, after growing continuously for six years, the gross domestic product (GDP) of Latin America and the Caribbean will fall by 1.9% in 2009. This fall will bring about a reduction in per capita GDP of 3.1% and will take its toll on the labour market. As a result of falling demand for labour, the region’s unemployment rate is expected to climb from the 7.5% observed in 2008 to around 9% in 2009.

Related Subject(s): Economic and Social Development
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