In 2013,Latin American and the Caribbean were featured by economic slow-down and ill-structured problems. The GDP growth rate was only 2.6%,and per capita GDP increased by only 1.6%. Brazil and Mexico,the most important economies in the region,showed a sluggish economic performance. Although unemployment dropped slightly,job creation slowed down. There were increased inflation pressure,worsening current account balance,rising reliance on the external savings and stagnation of international reserves. The structural factors still restricted regional economies. As a response to economic slowdown,regional economies took counter-cyclical policies to boost domestic demand,stabilize the domestic financial system and offset impacts from the international market. In 2014,the region is expected to gain a moderate economic rebound,but downside risks will remain.
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