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.



Total supply and demand

In 1993 the economies of Latin america and the Caribbean, as a group, continued the moderate recovery they had begun in 1991, and this was reflected in rises in the level of economic activity, total supply and the domestic supply of goods and services. This trend was the result of a marked upturn in investment, continued growth in exports and, to a lesser extent, a slight increase in consumption. However, in spite of a sustained increase in gross capital formation, this variable had still not regained the levels attained prior to the deep recession that hit the region in the early 1980s and led to a deterioration in the population’s living standards. Furthermore, neither the domestic supply of goods and services nor real national income had yet recovered their pre-recession per capita levels by 1993.


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