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Biennial report (2010-2011) of the economic commission for Latin America and the Caribbean

image of Biennial report (2010-2011) of the economic commission for Latin America and the Caribbean
Official Records of the Biennial Report of the Economic and Social Council 2012 Supplement No. 20

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Subregional activities in mexico and central america

The international financial crisis that started in 2008 and rapidly turned into the worst global recession since the Great Depression, adversely affected the countries of the subregion, putting additional pressure on their development agenda. The subregional economy is growing although at a slower pace than before the crisis. The external context is turning unfavourable again, with the European Union slipping into another recession and the United States economy still far from fully recovered. This situation calls for governments to strengthen coordination between their economic and social policies to reduce the adverse impacts of external shocks and to achieve a high long-term rate of economic growth, reduce inequality and poverty, increase competitiveness, and address the needs of adaptation, vulnerability reduction and mitigation relative to climate change and extreme natural phenomena.

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