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.




In the second year following the restoration of constitutional civilian government in Haiti, the authorities emphasized fiscal adjustment, particularly during the second half. They succeeded in reducing the central government deficit both in absolute terms and as a percentage of gross domestic product (2.6%), so that the economy stabilized somewhat, though at a very low level of activity. Growth in GDP(2.8%) was lower than anticipated and slower than the year before, when an influx of foreign capital allowed the country to begin recovering from the negative impact of the trade embargo that had been in effect for three years.


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