1887

Economic Survey of Latin America 1954

image of Economic Survey of Latin America 1954

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.

English

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Cuba

During 1954, Cuba’s economy continued to develop on the same low level as in 1953, when gross income had fallen by 18 per cent in relation to the preceding year. In the first place, the external factors connected with the sugar market remained so unfavourable as to bring about a 5 per cent decrease in sugar production—over and above a fall of almost 30 per cent in the 1953 sugar crop—which reduced the gross product by some 18 million dollars. The quantum of exports declined by more than 20 per cent, thus making a more intensive accumulation of stocks inevitable.

English

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