1945

A decline in the growth rate in 1959—following two years of rapid expansion—and its subsequent recovery in 1960 have marked the recent trend of industrial production for Latin America as a whole. The rate of increase of the product in the area’s manufacturing sector was about 7 per cent in 1959, compared with rates of a little over 10 per cent in the two previous years. In 1960, according to the provisional data available, there was a further improvement of 10 per cent as compared with the previous year.

Related Subject(s): Economic and Social Development
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