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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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Colombia

The Colombian economy was beset with difficulties in 1998, as unfavourable external shocks forced authorities to make macroeconomic adjustments in a context of fiscal and external disequilibria. The adjustments, especially those achieved through monetary policy, had an adverse effect on the productive and financial sectors and led to a sharp increase in unemployment. The economic slowdown and the subsequent financial losses were reflected in a modest increase in GDP of 0.6%, one of the lowest in recent decades.

English

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