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The publication of the sixty-first edition of the Economic Survey of Latin America and the Caribbean, corresponding to 2008 to 2009, comes at a critical point in the economic development of the Latin American and Caribbean region. A growth phase that the region's recent history cannot equal in nature and duration has come to an end and output is contracting. The first part of this edition looks at the channels through which the crisis is affecting the economies of the region and its impact on variables such as economic growth, employment and external-sector indicators. It also discusses the strengths and weaknesses of the countries and concludes with a discussion of the outlook for the second half of the year. The second part discusses policies for creating quality jobs, including challenges and opportunities for labour institutions and labour markets, labour to market policies for youth and women. This CD also contains the electronic versions of the printed publication.