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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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Guatemala

In 1995 the Guatemalan economy expanded by 5%, which was, faster than in the preceding two years, thanks to good export prices and brisk domestic spending induced by a significant increase in private-sector bank credit. The growth in exports reduced the balance-of-payments current account deficit, but even so, it was still quite high. Inflation also slowed to below 9%, but this may have been partly attributable to the delay in adjusting electricity prices.

English

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