Economic Survey of Latin America and the Caribbean 2010-2011

International Integration and Macroeconomic Policy Challenges Amid Global Economic Turmoil

image of Economic Survey of Latin America and the Caribbean 2010-2011

This publication is issued annually by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC). This sixty-third edition of the Economic Survey looks at the nature of the recovery from the financial global and economic crisis whose fallout spread across the region in the second half of 2008 and in 2009. It also delves into the challenges posed by highly liquid conditions in international financial markets combined with high prices for the region’s key commodities. Finally, it analyzes the situation in the countries of Latin America and the Caribbean during 2010 into the first part of 2011.




The Colombian economy grew by 4.3% in 2010, exceeding expectations; and there are clear indications that the upswing recorded in the final quarter of the year will continue throughout 2011. The economic strategy pursued by the government of President Santos, who took office in August 2010, focuses on five key sectors that have been identified as engines of economic growth: innovation, agriculture, transport infrastructure, mining and housing. The unusually heavy rainfall seen since the second half of 2010 has so far not affected the performance of trade and industry or the business and consumer confidence indices, which in early 2011 were up on the previous year. However, in dealing with the severe weather situation and rebuilding hard-hit economic and social infrastructure, care will need to be taken not to undermine efforts to maintain a healthy fiscal position. Against this backdrop, ECLAC forecasts growth of around 5.3% in 2011.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error