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Economic Survey of Latin America and the Caribbean 2006-2007

image of Economic Survey of Latin America and the Caribbean 2006-2007

The publication surveys the main economic events and developments of 2006 and the first half of 2007 in the light of the region’s recent economic performance. The fifty-ninth edition of the survey is aimed to provide further inputs for the economic debates concerning means of promoting a rapid, sustainable growth process capable of creating conditions conducive to an improvement in the living conditions in the region. It also describes various aspects of the regions economic growth dynamics. The tables provided in the statistical appendix provide ready access to data for recent years and facilitate the creation of spreadsheets. The edition is supplemented by a CD-ROM.

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Colombia

The 6.8% growth rate observed in 2006 exceeded the expectations of the economic authorities and leading analysts alike. Buoyant domestic demand (consumer spending and investment) continued to drive growth and the good pace of economic activity improved the fiscal indicators. The central bank raised its intervention rate a number of times from April onwards to curb rising demand. The consumer price index rose 4.5%, thus keeping inflation on target. Unemployment rose in the second semester of the year despite the high economic growth rate. In the area of foreign trade, exports and imports continued to register high growth rates, as did flows of FDI.

English

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