1945

Foreword

After two years of economic decline, growth in Latin American and Caribbean countries is expected to pick up slightly, by around 1%, in 2017. The recovery is taking place amid growing uncertainty and sluggish growth on the international front. Low or negative growth has exacerbated the economic and social challenges that the region faces, such as insufficient investment, poor productivity growth, widening structural gaps and the risk of social conditions deteriorating in the light of rising unemployment and public spending cuts.

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