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Latin American Economic Outlook 2017

Youth, Skills and Entrepreneurship

image of Latin American Economic Outlook 2017

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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Macroeconomic prospects for Latin America and the Caribbean

OECD Development Centre

Latin America must return to the path of strong economic inclusive growth. The prolonged economic slowdown in the region confirms that potential growth is weaker than previously expected. This evolution will test the robustness of the socio-economic progress achieved in the previous decade, especially the strong reduction in poverty levels and the emergence of a middle class. This chapter assesses Latin America’s growth prospects in a more challenging international environment and explores its consequences on the region’s labour markets and key socio-economic indicators such as poverty and inequality. In addition, it analyses economic policy options with an emphasis on investment in infrastructure and skills to boost inclusive growth under a sustainable and credible fiscal framework.

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