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Latin American Economic Outlook 2020

Digital Transformation for Building Back Better

image of Latin American Economic Outlook 2020

The Latin American Economic Outlook (LEO) 2020 focuses on the role of digital transformation in helping to navigate through challenging times. The Covid-19 pandemic is having a profound impact on socio-economic conditions, accentuating the already complex scenario faced by a region with significant structural weaknesses. This unprecedented crisis comes at a time of high aspirations and reinforces the need to transform the very foundations of the development model in the region. The report explores how digital transformation can help to cope with the current socio-economic situation, boost productivity, strengthen institutions and achieve higher levels of inclusion and well-being. The LEO 2020 also highlights that international partnerships are fundamental to reaping the benefits of the digital transformation.

The LEO is a joint annual publication produced by the OECD Development Centre, the United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC), the Development Bank of Latin America (CAF) and the European Union (EU). It is the first pillar of the EU Regional Facility for Development in Transition for Latin America and the Caribbean.

English Also available in: Spanish

Executive summary

The Latin American Economic Outlook 2020 focuses on the role of the digital transformation as a tool that can help foster development in the region, particularly in the context of the current Covid-19 crisis, and emphasises that international partnerships are essential to reaping the benefits of the transformation. This report also presents current macro-structural challenges and policies, in the context of the Covid-19 pandemic, and urges for further action to be taken, at both national and international levels.

English Also available in: Spanish, Italian

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