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Economic Survey of Latin America 1965

image of Economic Survey of Latin America 1965

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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Uruguay

The intensification of inflationary pressures, largely owing to the long process of economic stagnation and instability that has prevailed since 1957, was one of the outstanding features of the evolution of the Uruguayan economy during 1965. In the last four years, prices rose steadily. Consumer prices climbed 10.9 per cent in 1962, 20.5 per cent in 1963 and 43.2 per cent in 1964, with an estimated increase of more than 55 per cent for 1965. The trend pursued by the economy in the past, which had evolved in a context of relative price stability, was altered by the stagnation of agricultural production and the slowing down of the industrialization process.

English

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