Abstract
Over the past two decades, most Latin American and Caribbean (LAC) countries have experienced robust economic growth, with the region expanding at a pace exceeding 3% annually. This strong performance was largely the result of high commodity prices, sound macroeconomic policies, innovative social policies and structural reforms. In this supportive environment, countries were able to make growth more inclusive, with significant reductions in extreme poverty and income inequality, while social protection, education and health services improved. However, growth in the region has gradually slowed since 2012 to eventually turn negative in 2015, with preliminary estimates for 2016 suggesting a similar pattern.
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