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.




During the year 2000, Latin America and the Caribbean have gradually been recovering from the recession that hit many of these economies in the last half of 1998 and in 1999. While regional GDP was virtually stagnant in 1999, projections put the growth of output for this year at about 4%, on average. This more robust performance will be accompanied by an average inflation rate for the region of around 10% (a rate similar to the figure for 1997-1999) and by a slightly improved situation in the labour market. The current account deficit is expected to be around 3% of GDP, which is about the same level as in 1999 but substantially lower than in 1998. In most countries, capital inflows should be sufficient to cover the deficit.


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