Economic Survey of Latin America 1954

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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.




Stimulated by the peak prices of coffee, cacao and bananas, Ecuador’s economy continued to expand at a rate which was probably higher than that of 1953. A first approximation of gross income in 1954 places it at least 8 per cent above the estimated figure for the previous year. The effect of the terms of trade resulted in a contribution equivalent to 6 per cent of gross income, the highest proportion registered in the period 1950-54.


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