World Bank2017-05-222017-05-222011-12https://hdl.handle.net/10986/26686Strong poverty reduction in Latin America resumed with the growth rebound in 2010, as both moderate and extreme poor households benefitted from the recovery, accelerating poverty reduction to rates similar to those witnessed between 2003-2006 despite a 2.8 percent decline in Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) terms, poverty levels in Latin America (LAC) remained basically static during the great recession, as the poor were shielded from the economic crisis in some countries and continued to benefit from growth in others. In 2010, poverty reduction resumed sharply in Latin America, as household incomes were once again closely linked to economic growth at rates similar to pre-crisis years. Moderate poverty declined by almost 2.5 percentage points to reach 28 percent in 2010, while extreme poverty fell by more than 2 percentage points to reach 14 percent. As 2011 comes to a close, once again the global economy and Latin America are facing risks of yet another economic slowdown. Using household survey data from 2010 and selected labor market indicators through the third quarter of 2011, this note identifies some basic facts on the impact of the crisis and the recovery on the poor and explores their implications for poverty reduction in the region going forward.en-USCC BY 3.0 IGOANDEAN REGIONBASIC FOOD BASKETCARIBBEAN REGIONCASH TRANSFERSCHANGES IN POVERTYCONSUMER PRICE INDEXCONSUMPTION SMOOTHINGCREDIT MARKETSDECLINE IN POVERTYDECOMPOSITION TECHNIQUESDESCRIPTIVE STATISTICSDEVELOPMENT ECONOMICSDEVELOPMENT INDICATORSECONOMIC CONTRACTIONSECONOMIC GROWTHECONOMIC SHOCKSEQUAL DISTRIBUTIONESTIMATES OF POVERTYEXTREME POOR HOUSEHOLDSEXTREME POVERTYEXTREME POVERTY LINEEXTREMELY POOR HOUSEHOLDSFEMALE WORKERSFINANCIAL CRISISFISCAL CONSTRAINTSFOOD BASKETFOOD NEEDSFOOD POVERTYFOOD POVERTY LINEFOOD PRICEFOOD PRICESFOOD PRODUCTSGLOBAL ECONOMYGROWTH EFFECTGROWTH ELASTICITYGROWTH PROSPECTSHIGH ELASTICITYHOUSEHOLD INCOMEHOUSEHOLD INCOMESHOUSEHOLD SURVEYHOUSEHOLD SURVEYSHOUSEHOLD WELFAREHOUSEHOLDS WITH CHILDRENIMPACT ON POVERTYINCOMEINCOME GROWTHINCOME ON FOODINCOME POVERTYINEQUALITYINEQUALITY REDUCTIONINSURANCEINTERNATIONAL POVERTY LINESLABOR FORCELABOR MARKETMEAN INCOMESMEDIUM TERMNATIONAL ACCOUNTSNEGATIVE IMPACTNEW POORPER CAPITA GROWTHPOINT DECLINEPOORPOOR HOUSEHOLDPOPULATION SHAREPOVERTY DECLINEPOVERTY DYNAMICSPOVERTY ESTIMATESPOVERTY GAPPOVERTY INDEXPOVERTY LEVELSPOVERTY LINEPOVERTY LINESPOVERTY MEASUREMENTPOVERTY MEASURESPOVERTY RATEPOVERTY RATESPOVERTY REDUCTIONPOVERTY SERIESPRIVATE TRANSFERSREDUCING POVERTYREDUCTION IN POVERTYREDUCTION OF POVERTYREGIONAL ECONOMYREGIONAL LEVELREGIONAL POVERTYREGIONAL TRENDSRURALRURAL AREASRURAL ECONOMYRURAL HOUSEHOLDSRURAL POORSAFETY NETSAFETY NET PROGRAMSSAFETY NETSSECTORAL COMPOSITIONSOCIAL SPENDINGSUB-REGIONSUB-REGIONSSUBSISTENCEURBAN AREASURBAN POORVULNERABLE HOUSEHOLDSWELFARE DISTRIBUTIONReportWorld Bank10.1596/26686