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Economic Survey of Latin America and the Caribbean 1995-1996

image of Economic Survey of Latin America and the Caribbean 1995-1996

This publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. It also explores the economic developments by country. Included also is a statistical annex on diskette.

English

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The external sector

The trade deficit in goods and services in Latin America and the Caribbean narrowed by US$ 16 billion in 1995. The merchandise trade balance, in particular, changed direction, moving from a deficit of nearly US$ 14 billion to a surplus approaching US$ 2 billion. This was due primarily to a dramatic expansion in exports from the region (21%) -the biggest increase since 1980, and one which took exports to a total of US$ 222 billion- and to a slowdown in the rate of increase in the value of imports, which, had risen quite rapidly since the beginning of the 1990s.

English

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