Economic Survey of Latin America 1953

image of Economic Survey of Latin America 1953

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 monetary situation

The contrast between the monetary situation of the various Latin-American countries during 1953 — particularly with regard to the course and development of inflation — was heightened by prevailing world conditions which, although preserving the same general tendencies, differed somewhat from those of 1952. In some instances the inflationary process reached an acute stage, causing the authorities to adopt plans to contain it and to solve difficulties arising in the balance of payments through the increase in imports and the falling-qff, or stagnation, of exports. However, those countries which have not experienced sharp monetary inflation in recent years have, in general, succeeded in maintaining their position.


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