Economic Survey of Latin America 1951-1952

image of Economic Survey of Latin America 1951-1952

Published since 1948, this report examines various aspects of the previous year’s macroeconomic situation in the region and makes projections for the coming months. The study also includes country notes that review the performance of the main economic indicators in the period analysed.



The balance of payments and its determining elements

Economic events in other countries and the considerable fluctuations of the prices of primary products, strongly influenced Latin-American monetary reserves during 1950-52. Moreover, the distribution of gold reserves and of free foreign exchange was modified in favour of countries trading principally in dollars, to the disadvantage of those whose trade with Europe was based on bilateral agreements. Short-term commercial liabilities with the United States increased, particularly in countries belonging to the latter group.


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