{"id":57037,"date":"2016-11-02T09:54:36","date_gmt":"2016-11-02T14:54:36","guid":{"rendered":"https:\/\/selasite.azurewebsites.net\/latin-american-economic-outlook-2017\/"},"modified":"2023-06-28T16:37:41","modified_gmt":"2023-06-28T21:37:41","slug":"latin-american-economic-outlook-2017","status":"publish","type":"post","link":"https:\/\/rmtsolutions.net\/sela\/latin-american-economic-outlook-2017\/","title":{"rendered":"OECD, ECLAC and CAF Report| Empowering the 40% of Young Latin Americans Not in Formal Jobs, Education or Training could Spark New Growth Engines"},"content":{"rendered":"

\"Laeo<\/p>\n

Latin America and the Caribbean’s (LAC) GDP will shrink by between 0.9% and 1% in 2016, according to the latest estimates, the second consecutive year of negative growth and a rate of contraction the region has not seen since the early 1980s. <\/p>\n

According to the Latin American Economic Outlook 2017<\/a>, the region should recover in 2017, but with modest GDP growth of between 1.5% and 2%, below expected growth in advanced economies.<\/p>\n

The Outlook, jointly produced by the Development Centre of the Organization for Economic Co-operation and Development (OECD), the United Nations Commission for Latin American and the Caribbean (UN-ECLAC) and the Development Bank for Latin America (CAF), warns that this prolonged economic deceleration could jeopardize the continent’s socio-economic progress. <\/p>\n

Nearly 30 million young individuals in the LAC region are neither working nor engaged in education or training (NEET), which is 21% of the people in this age group compared with 15% in OECD countries. Another 19% of youths are in informal jobs. Women are particularly disadvantaged, making up 76% of NEETS and occupying mainly unpaid jobs. At least 6 out of 10 youths living in poor households are NEETs or working in the informal sector, and 4 out of 10 youths living in vulnerable middle-class households are NEETs or in informal jobs. This compares to only 2 out of 10 from middle-class households.<\/p>\n

The three organizations call for investing in youth through better education, improved skills and entrepreneurship opportunities to ignite economic growth and build a solid basis for long-term progress.<\/p>\n","protected":false},"excerpt":{"rendered":"

OECD, ECLAC and CAF Report| Empowering the 40% of Young Latin Americans Not in Formal Jobs, Education or Training could Spark New Growth Engines<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-57037","post","type-post","status-publish","format-standard","hentry","category-boletines-regionales"],"acf":[],"_links":{"self":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts\/57037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/comments?post=57037"}],"version-history":[{"count":0,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts\/57037\/revisions"}],"wp:attachment":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/media?parent=57037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/categories?post=57037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/tags?post=57037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}