During 1997, MERCOSUR countries again experienced both an acceleration in their economic growth rates and a reduction in inflation rates. This favorable performance was accompanied by an improved fiscal position and the stabilization of real exchange rates. Given that exchange policies in...

The period between the second half of 2004 and the first half of 2005 can be characterized as a timeof convergence in regional macroeconomic trends. The countries of the Southern Common Market(MERCOSUR) saw not only significant economic and trade dynamism in this phase, but also commonpatterns...

In the first half of 1998, the impact of the Asian crisis on the level of economic activity in the four MERCOSUR countries was, in addition to being reasonably differentiated, much less severe than had been forecast at the end of 1997. However, the sub-regional gross domestic product (GDP),...

O período coberto pelo Informe MERCOSUL N° 14 (julho de 2008 - junho de 2009) foi marcado pela crise internacional. A fase inflacionária desta crise -que se desenvolveu entre agosto de 2007 e junho de 2008- alimentou algumas tendências de expansão nos países do bloco. Depois de esgotada...

MERCOSUR has become less operational, despite government claims that it will continue to play a leading role in the international insertion strategies of its member countries for some years. The current crisis is clearly far from over. It is important to note that the enormous difficulties that...

Los dieciocho meses que van desde el inicio del segundo semestre de 2001 hasta el final de 2002 marcan un período de inédita crisis económica en el MERCOSUR, consecuencia de un fuerte shock externo adverso que, si bien tuvo características, orígenes y consecuencias diferenciadas en cada uno...

In an international context that has started showing signs of increased instability, the pace of global economic growth seems not to have been significantly affected, at least at the time of writing the present report. Growth forecasts for the global economy for this year are only slightly below...

In spite of the international context affected by the financial and credit crisis triggered in the US mortgage market, integration of the Southern Common Market (MERCOSUR) has continued to move forward, mainly in the internal agenda, where member countries reached certain agreements. In the...

El segundo semestre de 1998 señala un punto de inflexión en la evolución macroeconómica de los países del MERCOSUR y deberá marcar, muy probablemente, el comienzo de una nueva fase en las relaciones entre sus socios. La etapa inicial, que se extiende desde la firma del Tratado de...

In the first half of 1997, MERCOSUR's macroeconomic situation was marked by two trends: first, improved performance in terms of output and inflation rates, in a context of relative fiscal fragility and external vulnerability; and second, convergence in the performance of the different countries,...