Economic Survey of Latin America and the Caribbean 1993

image of Economic Survey of Latin America and the Caribbean 1993

Issued 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 statistical tables are included.




Nicaragua continued to experience great difficulties in the process of transition to an economy in which the private sector plays a larger role, a process based largely on a massive influx of external resources. Economic activity continued to be depressed, to the point where output fell by nearly 1%, and investment, which represented only 13% of output, declined again. As in previous years, consumption exceeded the total value of the economy.


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