Economic Survey of Latin America and the Caribbean 2000-2001

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This survey presents an overview of the regional economy and the economic performance in 2000 and the first half of 2001. It also offers individual country reports on the performance of the 20 countries of Latin America for the same period. In addition, the Economic Survey of Latin America and the Caribbean analyzes the economic situation in the countries of the English-speaking Caribbean. This year's edition includes a CD-ROM that contains the statistical appendix.




Preliminary indicators show that the Haitian economy grew by an extremely modest 1.2% in 2000. This figure represented a slide in both per capita output (-0.6%) and gross national income (-0.2%), the latter due to a severe deterioration in the country's terms of trade, albeit mitigated by remittances that remained substantial. The modest achievements in the direction of macroeconomic stability seen in previous years proved too fragile to weather the adverse socio-political environment and suffered significant setbacks. The inflation rate climbed back into two digits (19%), the fiscal deficit widened to almost 3% of gross domestic product (GDP) and the currency depreciated sharply (44%). A rise of almost 80% in the oil import bill severely hurt the Haitian economy and the authorities had no alternative but to increase domestic fuel prices after three years in which they had gone unchanged.


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