Latin American Economic Outlook warns of the risk faced by the middle sectors of falling into poverty.

Even though the growing middle class in Latin America is becoming an engine of economic progress, this group remains economically vulnerable when compared with high income OECD countries, according to the OECD Development Centre’s Latin American Economic Outlook 2010.

‘A growing and vibrant middle class is a sign of good economic prospects in Latin America,’—said Ãngel Gurría, Secretary General of the OECD —‘However, Latin Americans in the middle of the income distribution still face serious hurdles.’ Therefore, Latin American governments must ensure that they do not fall down the economic ladder. Labour market informality remains high among this segment of the population. As informality goes hand-in-hand with low social-protection coverage, fewer than half of these workers will benefit from a social safety net when they get old or lose their jobs. Read the press release.

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