Latin American Economic Outlook 2017

Youth, Skills and Entrepreneurship

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The 2017 edition of the Latin American Economic Outlook explores youth, skills and entrepreneurship. Young Latin Americans embody the region’s promise and perils. They stand at the crossroads of a region whose once promising economy and social progress are now undergoing a slowdown. The Outlook identifies potential strategies and policy responses to help Latin America and the Caribbean revive economic growth. While development can stem from different sources, skills and entrepreneurship can empower youth to develop knowledge-intensive economic activities, boost productivity and transform the region’s politics as they transition successfully from the world of school to the world of productive work and create that future they seek. The report highlights valuable experiences and best practices in these fields and proposes strategies to allow Latin America to consolidate long-term growth while assuring continuity in the social agenda.

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OECD Development Centre

GDP growth in Latin America will be negative for the second consecutive year in 2016 (between -0.5% and -1.0%), a contraction the region has not seen since the early 1980s. This evolution is testing Latin America’s socio-economic progress – notably the reduction of poverty and inequality and the expansion of the middle class. Around 7 million Latin Americans became poor in 2015, increasing the region’s total poverty rate to 29.2% or 175 million people. Moreover, between 25 and 30 million vulnerable middleclass Latin Americans, one of out of three whom exited poverty during the recent period of economic growth, face the risk of falling back into poverty in the near future.

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