The Labor Market Story Behind Latin America's Transformation ; El papel del mercado laboral en la transformación de América Latina ; El papel del mercado laboral en la transformacion de America Latina ; LAC Semiannual Report, October 2012

After a robust recovery following the global crisis, Latin American and the Caribbean (LAC) has entered into a phase of lower growth dynamics: economic activity in the region is expected to expand by about 3 percent in 2012, after having grown at 4 percent in 2011 and 6 percent in 2010. This deceleration is not specific to LAC but is part of a global slowdown. World growth is indeed declining sharply, from 4.5 percent in 2011 to about 2.3 percent in 2012. Notably, the slowdown in middle-income regions has taken place in a highly synchronized manner: growth rates in LAC, Eastern Europe and Sout... Mehr ...