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.




An unusually favourable external circumstance, the high price of coffee, ensured a 13 per cent increase in Colombia’s gross income for 1954—the highest in the last five years—despite the altered situation during the second half of the year. A compensatory policy prevented this expansion from assuming an inflationary character during the first six months and from relapsing into a depression later in the year, when lower coffee prices modified the anticipated results. The high investment coefficient (17.9 per cent) was exceeded during the last five years only by that of 1953 (20 per cent).


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