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Economic Survey of Latin America and the Caribbean 1996-1997

image of Economic Survey of Latin America and the Caribbean 1996-1997

In 1996 and 1997, the economies of Latin America and the Caribbean appeared to have returned to the pattern of moderate growth. Part I of this publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. Part II explores the economic developments by country. Included also is a statistical annex on diskette, which contains tables extending as far back as 1980.

English

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Inflation

The overall rate of inflation for Latin America and the Caribbean as a whole was only 18% in 1996, confirming the downward trend first noted in 1994. For 1997, it is expected to be no more than 12%, with single-digit rates in more than half of the countries of the region. This strongly suggests that the steep and traumatic inflationary process experienced by the region for the last 50 years is indeed coming to an end. Recently, stabilization policies have achieved promising breakthroughs, and this emerges as one of the most outstanding features of the current economic performance of the countries of the region.

English

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