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Economic Survey of Latin America and the Caribbean 1996-1997

image of Economic Survey of Latin America and the Caribbean 1996-1997

In 1996 and 1997, the economies of Latin America and the Caribbean appeared to have returned to the pattern of moderate growth. Part I of this publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. Part II explores the economic developments by country. Included also is a statistical annex on diskette, which contains tables extending as far back as 1980.

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Mexico

The harsh adjustment programme launched in the wake of the Mexican economy's collapse in late 1994 -which drove down its external savings rate by 9% of GDP in the space of just two years-has enabled the country to make significant progress in terms of macroeconomic stability; the price of this achievement, however, has been a drastic reduction in domestic demand as well as high social costs.

English

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