Latin America and the Caribbean

The year 2000 was one of gradual but uneven economic recovery for the Latin America and Caribbean region after the recession that had affected many countries in 1998 and 1999. While regional GDP growth was close to zero in 1999, forecasts for 2000 point to a resumption of growth to about 4 percent. Inflation rates are forecast to remain at historical lows, with a regional average of about 10 percent. Current accounts are expected to remain in deficit – representing approximately 17 percent of exports of goods and services. However, deficits should be less than they were in 1998 and, for most countries, capital inflows should be sufficient to compensate.

Sustainable Development Goals:

No Poverty

Responsible Consumption and Production

Decent Work and Economic Growth