Economic Survey of Latin America and the Caribbean 1983

image of Economic Survey of Latin America and the Caribbean 1983

Analyzes the evolution of the economy of Latin America and the Caribbean in 1983, the financial constraint, the transfer of resources and external debt renegotiations; and presents the economic evolution of each country in the region, examining economic growth, external sector, prices and wages and monetary and fiscal policies.




Throughout 1983 the Mexican economy was subject to strong recessive pressures, as a consequence of a large number of internal and external factors, significant among which were the aftermath of unprecedented disequilibria existing during 19821 and the subsequent implementation of a stabilization programme launched by the authorities in order to cope with them. To that end, adjustment policies were focused, in the short run, on the reduction of the fiscal deficit and the correction of external accounts with the purpose of rapidly coping with foreign exchange shortage and inflation, and thus creating a minimum platform on which to base economic reactivation.


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