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 Paraguayan economy grew barely 1% in 1996, the lowest rate in 10 years, causing al% reduction in per capita GDP. Output of cotton, the country's most important export product, was reduced by a third after a harvest troubled by crop pests and a drop in international prices. Within a context of fiscal balance and exchange rate stability, inflation was knocked down to around 8%, the lowest rate since 1982.


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