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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.

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Investment and saving

In 1996, progress in terms of stabilization and economic growth in the region's economies was not matched by a similar dynamism in national investment and saving. Gross fixed investment grew only slightly, and its performance was mixed, with nine countries actually registering declines. Meanwhile, national savings as a percentage of GDP remained at a level similar to that of the preceding year, while external savings rose moderately. A favourable international context, evidenced by the speedy resumption of capital flows following the crisis in Mexico and other countries in 1995, along with strong gains in terms of macroeconomic stabilization, contributed to a significant expansion in foreign direct investment (FDI), which reached record levels in 1996.

English

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