The international context
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1988 , pp 15-16
- Publication Date: December 1988
- DOI: https://doi.org/10.18356/3c3da580-en
- Language: English
When 1988 began, the world was still feeling from the effects of the October 1987 stock market collapse in the industrialized countries. The Latin American and Caribbean region was expected to face a particularly difficult external economic climate as a result of this situation, the persistent fiscal and trade deficits of the United States of America and the corresponding trade surpluses of the Federal Republic of Germany and Japan, together with the general forecasts of a considerable decline in the growth of industrialized countries (which did not even discount the possibility of a recession).
© United Nations
ISBN (PDF):
9789210583022
Book DOI:
https://doi.org/10.18356/9862a877-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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