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Economic Survey of Latin America and the Caribbean 2007-2008

Macroeconomic Policy and Volatility

image of Economic Survey of Latin America and the Caribbean 2007-2008

The Economic Survey is one of ECLAC's flagship publications, and has been issued since 1948. This new edition covers the region's economic performance in 2007 and the first semester of 2008, and suggests growth estimates for this year.

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Regional overview

According to ECLAC estimates, the economies of Latin America and the Caribbean as a whole will grow by around 4.7% in 2008. Although this rate is lower than the estimated growth of 5.7% for 2007, it nonetheless marks the region’s sixth consecutive year of growth, and the fifth year in a row for per capita GDP growth of over 3%. The region’s economy has not experienced a situation like this for 40 years, when similar rates of continuous expansion were recorded over a period of seven years at the end of the 1960s and were accompanied, as they are today, by favourable changes in the terms of trade.

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