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.




In 1999, the Guatemalan economy grew by 3.5%, which represented a slowdown from the previous year’s rate (5.1%), while per capita GDP expanded by less than 1%. This slackening of production activity was partly due to a contraction of domestic demand brought about by the application of a cautious lending policy on the part of the banking system, the impact of Hurricane Mitch, and the solvency problems experienced by some financial and stock-market institutions. A number of monetary and fiscal policy concerns that arose during the election campaign and the change of Administration also played a part in this situation.


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