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Economic Survey of Latin America and the Caribbean 2002-2003

image of Economic Survey of Latin America and the Caribbean 2002-2003

The present edition of the Survey consists of three parts. The first part covers the main aspects of the regional economy from a sectorial and thematic perspective. The second part contains information of the analysis of the economic performance of the 19 countries of Latin America and the Spanish-speaking Caribbean and Haiti. The third part is dedicated to the remaining countries of the Caribbean, mainly English-speaking countries. Finally, the Survey offers two statistical appendixes, one of them contained in a CD-ROM distributed with the printed version.

English

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Dominican Republic

Economic growth in the Dominican Republic was again satisfactory in 2002, but it took place in a context of serious macroeconomic instability that worsened in the first half of 2003, with rising inflation, currency depreciation, losses in international reserves and a banking crisis. The expansionary fiscal policy applied at the beginning of the year to compensate for the weakness of external demand had to be abandoned in later months because of macroeconomic imbalances.

English

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