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.



Investment and saving

The persistence of an adverse international environment, with deteriorating external financing conditions and lower prices for the region’s non-fuel commodity exports, was one of the factors that helped explain why economic growth in Latin America and the Caribbean slowed further in 1999 and why investment levels were sharply lower. The negative impact of these circumstances was stronger than it had been in 1998, as total gross investment retreated by a full 9.5%, with a 5.7% drop in fixed investment and a much steeper downturn in inventory building. Total investment shrank in all the South American countries, whereas Mexico, the Caribbean and the Central American countries were less affected and posted a small increase.


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