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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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Guyana

Economic growth in Guyana slowed to 3.1% in 2008, dampened by a mixture of external and internal factors, such as the global recession and the sugar industry’s struggle. The current account deficit deteriorated significantly to stand at 25.8% of GDP, while the external public debt increased substantially to 72% of GDP. Inflation eased significantly, however (from 14.1% in December 2007 to 6.4% in December 2008).

English

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