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Economic Survey of Latin America 1960

image of Economic Survey of Latin America 1960

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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Short-term economic fluctuations in the period 1948-59

Since the end of the Second World War, output in the Latin American region as a whole has grown at an average, rate of almost 4.5 per cent per annum. ranging among the individual countries from less than 1 per cent in Bolivia to about 10 per cent in Venezuela. In none of these countries, however, has the rate of growth been smooth and continuous. Furthermore, since 1948 the Latin American economics have been periodically confronted by one or more forms of economic disequilibrium, such as balance—of—payment crises, severe inflationary pressures, excessive productive capacity and unemployment.

English

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