Economic Survey of Latin America 1962

image of Economic Survey of Latin America 1962

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 American exports and the markets for primary products

Economic expansion continued in the industrialized part of the world in 1962, although the degree of expansion was quite different in each region. In the countries that had been affected by a slight recession in 1960/61, economic activity recovered in the first half of 1962. Although this movement slowed down in the second half of 1962 and the first quarter of 1963, the increases for the year as a whole in the various countries were generally higher than those for the previous year. The opposite occurred in the European Economic Community, where the rate of growth of economic activity continued to decline; the annual percentages of increase in the national product of the various countries of the Community were lower than those for 1961, and much lower than those during the accelerated expansion of 1959/60.


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