1887

Economic Survey of Latin America 1966

image of Economic Survey of Latin America 1966

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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Guatemala

In 1966, through a combination of circumstances, the normal evolution of Guatemala’s system of production was significantly modified. Export earnings continued their rapid upward trend, mainly as a result of the sale of surpluses carried over from the preceding year. Internal economic activity, on the other hand, contracted with the withholding of private investment and the problem of securing funds and building up savings in the public sector. Lastly, and closely related to these events, the change of government that took place halfway through the year resulted in substantial changes in economic policy and in the institutional machinery for the promotion and programming of development. Although it is too early to predict the effects of these circumstances, there is every indication that they will be reflected in the scope of government programmes for the promotion of economic and social activities, and have an impact on the financing of capital formation and the structural reform of several public administration departments.

English

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