Latin America at a crossroad: Policy makers must act now to ensure economic and social gains

An exclusive op-ed by Christian Daude, Senior Economist, Head of Colombia/Greece Desk, OECD The global economy today presents important challenges for Latin America. According to the latest OECD Economic Outlook, global growth is projected to barely reach 3 percent in 2016 and to pick up only marginally to 3.3 percent in 2017. This falls short of the pre-crisis long-term average of 4 percent. While this difference seems small, it amounts to a shortfall of almost the size of the entire Mexican economy just over the next two years. Growth in the OECD will limp along at around 2 percent and is slowing in many emerging market economies, particularly China. After a long decade of investment-driven growth, which created a voracious […]