Economic Survey of Latin America 1957

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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.



Commodity exports

Two developments of major importance for Latin America occurred in 1957: a widespread weakening of export prices in the course of the year and the start of a recession in the United States. It is tempting, but it would be most misleading, to point to the latter as the main cause of the former. In fact a more fundamental influence has been at work, that had itself already caused the prices of many commodities to decline before the recession started.


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