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Economic Survey of Latin America and the Caribbean 1990

image of Economic Survey of Latin America and the Caribbean 1990

Published in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary tables of statistics are included.

English

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Uruguay

During 1990 it proved possible to effect a dramatic reduction in the financial imbalance of the public sector, the balance of payments on current account again showed a surplus, and an increase in foreign reserves was recorded; however, inflation accelerated and the level of activity continued to advance sluggishly. Thus, for the third consecutive year, the economy has remained stalled, with inflation largely stimulated by the continual transfer of resources abroad, approximating 4% of GDP during the three-year period ending in 1990.

English

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