1945

The year 1997 was a highly successful one for many economies in Latin America and the Caribbean, thanks to both a strong expansion of output and low inflation. As predicted earlier, however, external shocks, combined with the effects of policies designed to deal with incipient disequilibria in several countries, have made it impossible to repeat that performance this year.

Related Subject(s): Economic and Social Development
/content/books/9789210582971s002-c001
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