Economic Survey of Latin America and the Caribbean 1990
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Economic Survey of Latin America and the Caribbean 1990

Published in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary tables of statistics are included.

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Author(s):
ECLAC

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In 1990, the Panamanian economy began to make a partial recovery from the deep crisis into which it had been plunged by recession. This recovery occurred in a context of very low inflation, slightly declining real wages and high unemployment. It gave a strong boost to imports, augmenting the trade deficit despite the equally sharp rise in exports. Higher tax revenues considerably reduced the fiscal deficit, while the return of the economy to normalcy persuaded some savers to return to the banking system.