Economic Survey of Latin America and the Caribbean 1999-2000

image of Economic Survey of Latin America and the Caribbean 1999-2000

This summary provides an assessment of the Latin America and the Caribbean region's economy during 1999 and the first half of 2000. It presents an overview of each country's external sector, macroeconomic policy, activity levels, inflation, employment, saving and investment. The publication contains thirteen statistical tables.




The mexican economy’s growth rate fell to 3.7% in 1999, down from 4.9% in 1998. Even so, this result exceeded the rate projected at the beginning of the year, owing to the fact that international conditions improved in the second semester. The export sector recorded a major expansion, thanks to the sustained buoyancy of the United States economy, while higher oil prices helped to bolster public finances. The growth rate of domestic demand weakened, but real income rose slightly and the rate of employment increased. Financial markets stabilized after the disturbances of 1998, which carried over into early 1999; inflation trended downward and the deficit on the balance-of-payments current account narrowed somewhat.


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