Economic Survey of Latin America and the Caribbean 2003-2004

image of Economic Survey of Latin America and the Caribbean 2003-2004

This year's Survey, the fifty-sixth edition in this series, is divided into two parts. The first analyses the main features of the regional economy, while the second examines the situation in the individual countries of Latin America and the Caribbean. A summarized statistical appendix is supplemented by the more detailed information that is provided on the accompanying CD-ROM for ease of data processing.




The available data indicate that the recovery of the Venezuelan economy that began in the third quarter of 2003 continued during the first quarter of 2004. In fact, in the first three months of the year, economic activity was up by 29.8% over the first quarter of 2003. This result is strongly influenced by the low base of comparison involved, however, since it includes much of the period (December 2002-early February 2003) during which the economy was brought to a halt by the work stoppage that was called by opposition parties and businesses. The outlook for 2004 as a whole points to growth of somewhat over 10%.


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