The economy of Latin America and the Caribbean remained sluggish in 1989, with a growth in gross domestic product of only 1.4%, slightly higher than the year before, but quite a bit below that recorded in the period 1984-1987. Thus the per capita product declined by 0.7% to a level that was 8% lower than in 1980 -when it had reached a historical high point-, or the same as the figure for 1978.

Related Subject(s): Economic and Social Development
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