news - Latin American economic growth tied to reducing inequality

Although most Latin American economies are growing, the Economic Commission for Latin America and the Caribbean argues that they are fragile and threatened by macroeconomic weaknesses including poor output diversification and investment levels. However, inequality poses the greatest economic challenge as wide social gaps and environmental costs continue to increase. Inequality, especially in education access and health care, has economic consequences especially regarding energy development and environmental degradation, the commission says. To shift toward more sustainable growth, it calls for the development of welfare systems based on rights and productivity gains, as well as overall decarbonisation of production and energy infrastructure.

Sources: Economic Commission for Latin America and the Caribbean