The region needs to remove obstacles to competitiveness, pursue digitization, raise skills, and improve economic fundamentals. Latin American economies have posted average annual GDP growth of 3 percent over the past 15 years, far slower than growth in other developing regions. And almost 80 percent of Latin America’s GDP growth during this period came from population growth rather than productivity. Between 2000 and 2015, productivity across the region grew at only 0.6 percent, one of the weakest performances of any region in the world. Without higher productivity, growth is set to come under threat from three disruptive forces hitting at once: declining fertility rate; the end of the commodity-price boom, and risk of increased protectionism.

Full Report