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Economic Survey of Latin America and the Caribbean 1989

image of Economic Survey of Latin America and the Caribbean 1989

The Economic Survey of Latin America and the Caribbean is issued annually by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC). It covers the economic situation in Latin America and provides a concurrent economic overview of the region.

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Argentina

Argentina suffered a serious economic crisis in 1989, characterized by spurts of hyperinflation, declining production and grave financial difficulties. Hyperinflation broke out in the second quarter -following the failure of the “Plan Primavera”- and again at the end of the year, when the stabilization programme initiated in July broke down. The instability of prices was such that it sometimes even disturbed daily transactions.

English

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