Social spending and the economic cycle: The importance of maintaining funding for social policy

After showing signs of recovery in 2010, the global economy slowed: in 2011, the world growth rate sank to 2.8%, and it has been even lower in subsequent years. Although 2014 seemed to mark a turnaround, the economy once again performed poorly in 2015 and the low-growth trend is likely to persist over the medium term (see ECLAC, 2016a).

Sustainable Development Goals:

Gender Equality

Reduced Inequalities

Sustainable Cities and Communities