1945

Conditions in the Latin American and Caribbean economies have been highly favourable, and this has been reflected in the sustained growth of nearly every country in the region since 2003. In 2006, the region posted a growth rate of 5.6%, and ECLAC is projecting GDP growth of 5.0% for 2007 and 4.6% for 2008. If these projections are borne out, the region will have registered a cumulative increase of 20.6% in per capita GDP (somewhat over 3% per year) by the time it completes its sixth consecutive year of growth in what appears to be turning into the strongest (and longest) growth spell since 1980.

Related Subject(s): Economic and Social Development
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