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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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Belize

Growth slowed in 2007, following more dynamic activity in previous years. Real output increased by 1.2%, compared with growth of 4.7% in 2006. The economy’s expansion was held back by lower output and exports in the critical agriculture sector, which was buffeted by Hurricane Dean. The damage caused by that disaster, together with insect infestation in sugar and bananas and a decrease in marine and other exports, led to lower commodity trade volumes. As a result external accounts weakened in 2007.

English

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