Economic Survey of Latin America and the Caribbean 1997-1998

image of Economic Survey of Latin America and the Caribbean 1997-1998

The Economic Survey of Latin America and the Caribbean, 1997-1998 is the fiftieth edition in this series. To mark this milestone, a special chapter has been included in this edition which traces the history of the publication and outlines the way in which the economic situation in the region has been viewed during each of the periods examined. Once again, the Survey has been published as a single volume consisting of three parts. Part 1 contains an overview of the economy in 1997 and the first half of 1998. Part 2 presents reports on the 20 countries of Latin American and on the situation in the countries of the English-speaking Caribbean. Part 3 reviews the 50 years of the Survey.



Costa Rica

With a 3.1% increase in gross domestic product (GDP), Costa Rica resumed the growth which had been interrupted in 1996, when there had been a decline of 0.5%. Macroeconomic variables generally showed improvement, particularly the inflation rate, which fell from 13.9% to 11.2%, and the fiscal deficit, which fell from 3.3% to 1.6%. The latter reflected a special effort to break the political pattern of an expansionist phase during the pre-election period.


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