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.




Whereas 1996 was characterized by weak growth as a consequence of economic policies that sought to balance the country's external accounts, the forecast for 1997 is for moderate growth (4%-5%), fuelled by investment and exports, together with a further reduction in inflation (8%-9%). The movements registered by macroeconomic variables over the first six months of the year confirm these trends.


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