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Economic Survey of Latin America and the Caribbean 1998-1999

image of Economic Survey of Latin America and the Caribbean 1998-1999

This survey presents an overview of the regional economy and the economic performance in 1998 and the first half of 1999. It also offers individual country reports on the performance of the 20 countries of Latin America during 1998 and the first half of 1999. In addition, the Economic Survey of Latin America and the Caribbean analyzes the economic situation in the countries of the English-speaking Caribbean. This year's edition includes a CD-ROM that contains the statistical appendix.

English

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Mexico

Despite adverse world economic conditions, the Mexican economy performed well in 1998, with gross domestic product (GDP) growing by 4.8%. This, however, was two percentage points below the preceding year’s figure and reflects a slowdown in productive activity in the final quarter of the year. The fall in oil prices and the turbulence on the international financial scene led to adjustments in monetary and fiscal policy and caused instability on foreign exchange and financial markets, especially in the final four months of the year.

English

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