By United Nations

This is often the fifty fifth variation within the sequence which gives an evaluate of the economies of the Latin the USA and the Caribbean area in the course of 2002 and the 1st half 2003. It comprises: an summary of the nearby economic climate as a complete, when it comes to macroeconomic rules and reforms, inner financial functionality and the exterior monetary region; and short analyses of the industrial functionality of 20 international locations together with tables and information for the most financial symptoms. The accompanying CD-ROM includes the total textual content and photos, in addition to a statistical appendix together with over four hundred info tables.

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Extra resources for Economic Survey of Latin America and the Caribbean 2002-2003

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After this it rose again by 60% between April and October 2002 in a climate of uncertainty induced by the elections. Economic Survey of Latin America and the Caribbean 2002-2003 49 0 sales generally. Imports soared in the first quarter, and this is bound to show through in the annual rate. The higher oil price contributed to export growth i n Ecuador in 2002 and the first part of 2003. By the end of the year, the heavy crude oil pipeline is expected to come on stream, making it possible to increase the volume of oil sales; nonetheless, export growth for the year as a whole is likely to fall short of the 2002 figure.

1 2 According to the World Trade Q g a n i 7 ~ t i o n(WTO). 5% during the 19912000 decade, while worldwide merchandise exports expanded at 6 7% per year. a h i t with wider fluctuations than in the case of GDP. R. Klein and S. Ozmucur, Weekly updatr on the US economy andJnancial markets. 4 Auguqt 2003. 2 GROSS DOMESTIC PRODUCT OF THE UNITED STATES, JAPAN AND THE EUROPEAN UNION (Annual rates of varrarion ar conslant pnces) “I n -United Status +European Union +-Japan Source: ECLAC, on the basis of figures from the Bureau of Economic Analysis of the United States Department of Commerce, the Economic Study of Europe of the United Nations Economic Commission for Europe (ECE), the Statistical OffFce of the European Communities (EWROSTAT), and the Department of Statistics of the Ministry of Public Administration, Internal Affairs, Post and Telecommunications of Japan.

2 ... ... 5 Current account Balance on goods Exports Fob Imports Fob Balance on services Income balance Current transfers Source: ECLAC, on the basis of figures from official sources and the International Monetary Fund (IMF). Preliminary figures. b Projections. Includes errors and omissions. Refers to balances on the capital and financial account, less foreign direct investment, plus errors and omissions. e A minus sign denotes an increase in reserve assets. 5 billion. 9 billion inflow recorded in the previous year.

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