Latin America

World Bank Report: Latin America's New Middle Class

In case this 200 page report has passed you by, The World Bank has just launched a major report into the new Latin American middle class. Its so hot off the press that we haven't had much time to get our own ears around it yet but will do in time.

The headlines are as follows ... 

  • In the past decade, the middle class in Latin America grew 50%, and now represents 30% of the population.
  • According to the experts, this growth is due to growth and job creation
  • To maintain these gains, the region needs to enact policy reforms within the employment, tax and social security sectors.

The report can be downloaded here... 

... and there is a video created by The World Bank to accompany the report