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Economic Survey of Latin America 1953

image of Economic Survey of Latin America 1953

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.

English

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Agriculture

From the beginning of the 1952/53 farm year, there were important developments in Latin-American agriculture, some of which reacted adversely upon individual economies. Among such factors were the price decline on the world market, a weakened demand for some commodities, the frosts in Brazil which destroyed a substantial proportion of the coffee crop, droughts in both northern and central Mexico and north-eastern Brazil, and the unusually prolonged rainy season in Ecuador’s principal agricultural area.

English

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