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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.

English

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Ecuador

In Ecuador, the stabilization programme initiated the year before reduced inflation substantially in 1993, so that the rise of 31 % in consumer prices, which was half as high as in 1992, was the lowest in the past six years. However, the policy of restraining domestic demand, and the slump in international petroleum prices, slackened the rate of growth of the gross domestic product (GDP) to little more than 2% per year.

English

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