Economic Survey of Latin America and the Caribbean 1994-1995

image of Economic Survey of Latin America and the Caribbean 1994-1995

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.



Main trends

During most of 1994, there were further signs of consolidation of a more dynamic economic picture in Latin America and the Caribbean, with faster growth and a substantial reduction in the rate of inflation. With the explosion of the foreign exchange crisis on 20 December in Mexico -where pressure had gradually been building since the early months of the year due to a combination of serious political factors and the accentuation of imbalances already manifest in previous years- the region once again braced for turbulence, and fears were rife that the crisis would spread throughout the region in a repeat of the 1982 crisis.


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