Economic Survey of Latin America 1972

image of Economic Survey of Latin America 1972

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.




Part One of the Survey reviews the economic developments observed in 1972 both in Latin America as a whole and in each individual country. The general features are examined first, salient features being the high rate of growth of the product (7 per cent) and the dynamic impetus of the external sector. The increase in production and the sustained growth of imports enabled capital formation to be intensified without greatly hindering the growth of consumption. Concurrently, external demand expanded—particularly owing to the renewed economic upswing in the industrialized countries—and better prices were obtained from the sale of primary products. The resultant higher export earnings, combined with a sizable inflow of capital, led to a significant increase in international reserves.


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