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.




Predictions that Brazil’s GDP would grow by some 3.7% in 2004 have been borne out by the level of economic activity in the first few months of the year. Exports should continue to boost the economy, but recovery will ultimately depend on whether domestic demand picks up from its very low level of 2003. This recovery of demand should essentially reflect lower real interest rates, better domestic financing conditions and a bigger wage bill.


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