Regional overview

During the years following the 2008-2009 economic and financial crisis, economic growth in Latin America and the Caribbean was driven primarily by surging consumption. Gross fixed capital formation did not rally across the board; external demand did not return to the dramatic expansion it had seen before. Contributing factors were the deepening of the crisis in the European Union, the slowdown and incipient realignment of economic growth in China and the sagging pace of expansion of other emerging economies such as India.

Related Subject(s): Economic and Social Development