Economic Survey of Latin America 1960
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Economic Survey of Latin America 1960

Published since 1948, this report examines various aspects of the previous year’s macroeconomic situation in the region and makes projections for the coming months. The study also includes country notes that review the performance of the main economic indicators in the period analysed.

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Author(s):
ECLAC

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Economic development in Latin America over the past few years may be described as embracing three types of problems which, in one way or another, have left their very individual marks on economic policy. In the first place, exports have tended either to remain static or to expand at a slower rate than in previous years, whereas imports have been increasing slowly but steadily. Secondly, inflation has either gathered great momentum in many cases or has arisen and ousted relative price stability, always bringing with it disequilibria of varying intensity in the balance of payments, Lastly, the gross product for Latin America as a whole has virtually remained at a standstill since 1958.