Latin America’s Barriers to Growth
Although Latin America is expected to emerge from its recession this year, it is not out of the woods yet. To sustain strong growth over the long term, most countries in the region will need to undergo structural reforms and train their workers for employment in the formal economy.
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CARACAS – Latin America is expected to emerge from recession this year. But the region should not be overly optimistic. While economic growth is rebounding, it remains below 2%, on average. And in a global environment plagued by uncertainty, the balance of risks is not tilted in Latin America’s favor.