Economic Survey of Latin America 1956

image of Economic Survey of Latin America 1956

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.




Latin America’s industrial production continued to expand in 1956 at a rate exceeding the previous year by 2 per cent, but there was a further—and considerable— reduction in the quantum rate of growth. The reasons for this varied from one country to another, but one— namely a falling off in demand—was common to all of them. This in turn was mainly the result of a decline in agricultural output, which reduced the purchasing power of the largest group of consumers in the region. Other factors were the deterioration in the terms of trade and the measures introduced in some countries to combat inflation and to eliminate disequilibrium in the balance of payments.


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