Verónica Escudero, Senior ILO Economist and Elva López Mourelo, ILO Economist
During an economic crisis, Conditional Cash Transfers (CCTs) are one way that governments can use to protect vulnerable people from falling into poverty. Between 2001 and 2002, Argentina suffered one of the worst economic crises in its history. Unemployment rose, the share of people living below the poverty line increased and political instability and social unrest ensued.
José Manuel Salazar-Xirinachs
is Regional Director of the ILO for Latin America and the Caribbean
In 2017, labour markets in Latin America and the Caribbean are marked by a new increase in unemployment and worsening working conditions. As the year progresses, the indicators and forecasts confirm that the labour situation is becoming more worrisome. The latest forecasts already announce a weak economic recovery this year after last year’s contraction. This slow economic growth, of barely 1.1 per cent for Latin America and the Caribbean, will not be enough to change the negative trends in the world of work.
