Economic Survey of Latin America and the Caribbean 2002-2003

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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.




Guatemala’s economic performance showed marked contrasts in 2002. Significant macroeconomic imbalances were corrected as inflation went down and the fiscal deficit narrowed, but GDP growth, at 2.2%, slowed down for the fourth year running, while the trade deficit widened to 12% of GDP. The current-account deficit contracted thanks to the extraordinary flow of remittances. In addition, the influx of short-term capital and loan disbursements increased international reserves.


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