1887

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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Chile

Chile’s economic experience during 1956 and 1957 is of far more than merely nation-wide interest. For the first time in many years vigorous and resolute steps were taken to check a long-standing inflationary process that had become unusually acute from 1953 onwards. The positive result of this reaction was a perceptible deceleration in the rate at which prices increased in 1956 and 1957; but at the same time the economic stagnation observable ever since 1953 became more acute, and there were unmistakable symptoms of growing unemployment of the output factors and a fall in the investment coefficient.

English

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