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Economic Survey of Latin America 1957

image of Economic Survey of Latin America 1957

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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Brazil

For Brazil the decade 1944-54 was a period of rapid growth, averaging approximately 4 per cent per capita annually. The main source of this brisk expansion was a big rise in the value of exports, which stimulated the demand for local products, and at the same time provided much of the foreign exchange needed to pay for the increasing purchases of materials and equipment. (The foreign currency reserves, accumulated during the war years, also helped to finance post-war imports.) The increase in exports was, however, due, to rises in price, not in the volume exported, and it depended almost entirely on one commodity: coffee.

English

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