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Economic Survey of Latin America and the Caribbean 1984

image of Economic Survey of Latin America and the Caribbean 1984

Features: 1) the major trends in the economy of Latin America and the Caribbean in 1984; 2) economic developments by countries in the region examining economic growth, production, employment and unemployment, prices and wages, the external sector, and monetary and fiscal policies; and 3) the evolution of the economy and economic policy in Uruguay in the period 1981-1984.

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Ecuador

Auspicious signs of recovery could be glimpsed in the Ecuadorian economy in 1984. After the rapid deterioration of the economic position which culminated in a crisis in 1983, the gross domestic product improved by 3%. This was essentially because agriculture and fishing recovered from the severe losses suffered on account of floods and heavy seas in the preceding year, and the petroleum industry once again considerably increased its production. Rates of inflation substantially declined, while creditworthy estimates detected a slight fall in levels of unemployment.

English

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