Most forecasters predict that Latin America's output will contract this year and recover only modestly next year, so income per head will shrink.

ECONOMIST: Latin America's economies

But its total head count might not shrink, because it is hiring in other areas, like technology.

WSJ: Lenders See Little Choice: Layoffs

The Old Etonian apparently due to be named as the new head of the established church has a huge, unsustainable financial deficit to shrink - which is perhaps redolent of the challenge faced by another Old Etonian who became head of government in 2010.

BBC: Holy pension hole