Foreword

The Latin American Economic Outlook (LEO) analyses critical aspects related to sustainable and inclusive development in Latin America and the Caribbean (LAC). Since the first LEO launch in November 2007, the annual report has compared LAC’s performance with that of other regions, analysed main development challenges and put forward policy recommendations, experiences and good practices.

The LEO benefits from the expertise and inputs of co-authors. Since 2011, the LEO has been published in conjunction with the United Nations Economic Commission for Latin America and the Caribbean. In 2013, the Development Bank of Latin America joined the team of authors and since the LEO 2018, the European Commission joined as a main partner.

This 14th LEO, Working together for a better recovery, aims to analyse and provide policy recommendations for a strong, inclusive and environmentally sustainable recovery in the region. The report explores policy actions to improve social protection mechanisms and increase social inclusion, foster regional integration and strengthen industrial strategies, and rethink the social contract to restore trust and empower citizens at all stages of the policy-making process. Moreover, it stresses the need to promote sustainable and adapted macro-economic frameworks to finance the recovery, and the importance of international co-operation to support these policy actions. Finally, the publication includes three crucial cross-cutting themes: climate change and the green recovery; the digital transformation and gender.

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