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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.

English

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Dominican Republic

For the fourth consecutive year, the Dominican Republic experienced robust economic growth (8.3%). In fact, its growth rate was a record high for the decade and one of the highest in the entire region. Shored up by abundant inflows of foreign investment and external credit, higher remittances from family members living abroad and higher levels of employment and real income, domestic demand remained buoyant and exports of goods and services continued to expand. Agricultural production recovered fully from the damage caused by Hurricane Georges in September 1998. The macroeconomic climate was relatively stable, there was a small fiscal deficit, the December-December variation in the exchange rate was lower than the economy ’ s declining rate of inflation, and interest rates decreased slightly.

English

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