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 a climate of monetary adjustment, and despite a marked contraction in national income due to an adverse terms-of-trade shock, 1996 was another year of robust growth, falling unemployment and lower inflation for the Chilean economy. The decline in inflation was helped by a slide of 4.5% in the real exchange rate in response to copious inflows of capital.


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