Results in the Latin America and Caribbean Region 2017, Volume 9
2017
World Bank
Among emerging economies, the region of Latin America and the Caribbean has been the hardest hit by the great global deceleration that started six years ago. In fact, the region is just now beginning to rebound after the first back-to back years of recession in more than 30 years. This economic downturn is understandably having some adverse effects. After faster economic growth supported by the commodity boom brought significant social progress, with historic reductions in poverty and inequality, a drop in economic activity is causing families to feel the pinch.
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