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Economic Survey of Latin America and the Caribbean 2008-2009

Policies for Creating Quality Jobs

image of Economic Survey of Latin America and the Caribbean 2008-2009

This publication comes at a critical point in the economic development of the Latin American and Caribbean region. A growth phase that the region's recent history cannot equal in nature and duration has come to an end and output is contracting. The first part of this edition looks at the channels through which the crisis is affecting the economies of the region and its impact on variables such as economic growth, employment and external-sector indicators. It also discusses the strengths and weaknesses of the countries and concludes with a discussion of the outlook for the second half of the year. The second part discusses policies for creating quality jobs, including challenges and opportunities for labor institutions and labor markets, labor-market policies for youth and women. This CD-ROM also contains the electronic versions of the printed publication. The statistical information reflects data available up to 30 June 2009.

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Brazil

The international crisis interrupted the growth that the Brazilian economy had enjoyed since 2003. In 2008, the GDP growth rate was 5.18%; and up to the third quarter of the year, it stood at 6.3%. Although the indicators on economic performance in 2009 point to high volatility and the effective results of the economic measures implemented in response to the crisis are not fully known, it is estimated that GDP will decline by 0.8%. This result reflects the negative impact of the crisis on the different sectors and the capacity of the government and of economic agents to counteract it.

English

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