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.




The Guatemalan economy cooled down in 1996. There was a marked slowdown in domestic demand, as investment eased back, and although export volumes posted an appreciable rise, the pace of output growth (5% in 1995) slowed to 3.1%. Inflation bordered on 11%, somewhat higher than the year before, and the trade gap narrowed, while capital inflows strengthened and reserves at the Central Bank of Guatemala expanded. Prospects for 1997 were favourable, in view of a strengthening of coffee prices and the surge in sales to the Central American area.


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