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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.

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Dominican Republic

In 1997, the Dominican Republic achieved its highest growth rate of the decade (8.2%), and this helped to ease the problem of unemployment, which fell below 16%. Monetary expansion, fuelled by abundant foreign currency inflows, formed the backdrop for economic activity, which was boosted by private investment, total consumption and exports in a context of exchange-rate stability.

English

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