1887

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.

English

.

Guatemala

Economic activity continued to recover slowly in the wake of the recession of the first half of the 1980s. Thus, the gross domestic product grew by 3.5%, representing a slight rise in the per capita product for the third consecutive year. The vigorous growth in exports (22%) was not enough to stave off a temporary balance-of-payments crisis, which led to a substantial modification of the exchange policy in the form of a move to decontrol the foreign exchange market. This measure, coupled with the monetary expansion stemming from the bigger fiscal deficit, speeded up inflation from 11% to 20% a year.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error