[xtypo_dropcap]E[/xtypo_dropcap]conomies in Latin America and the Caribbean are recovering from the economic crisis, with the GDP per person expected to rise on average 4.8 percent and increase more, as investment is still needed, according to a published report by the Economic Commission for Latin America and the Caribbean of the United Nations (ECLAC).
Economies in Latin America and non-English- and non-Dutch-speaking Caribbean countries have grown the most. Paraguay grew almost 10 percent and Brazil a good 7.7 percent. Disaster plagued Haiti’s economy, which dropped 7 percent.
The growth in economies is accompanied by a growth in employment and an increase in job quality, the U.N. press release states. In order to be able to keep growing, the region is urged to invest more.
“The region’s main challenge is to rebuild its capacity to implement countercyclical actions and to create the conditions for productive development not based solely on the export of commodities,” Alicia Bárcena, executive secretary of ECLAC, states in the press release.
