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 external sector

The region's external sector continued to perform well in the highly favourable international context created by stable interest rates in the United States and Europe and very low interest rates in Japan. Even though current account deficits in Latin American and Caribbean countries increased, they generally remained within manageable limits, and financing them did not present any problem, thanks to the abundant flow of autonomous foreign capital


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