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This paper describes economic developments in Guatemala during the 1990s. The paper discusses social and institutional expenditures of the peace program. The paper highlights that Guatemala’s illiteracy rate was approximately 44 percent in 1995, the second highest in Latin America. Illiteracy is much higher in the predominantly rural departments (about 65 percent), where the indigenous population is more heavily concentrated, than in Guatemala City (16 percent) and is much higher for women (46 percent) than for men (33 percent). The paper also discusses the tax system and trade regime in Guatemala.
Colombia’s economy has been resilient to the adverse global shocks of recent years. Inflation has been subdued, credit growth has eased, and financial soundness indicators are strong. The strong balance of payments continues to put upward pressure on the Colombian peso. In 2013, growth is expected to rise and inflation to remain on target. Short-term risks to the outlook continue to be tilted to the downside. The central bank’s intervention policy is geared at containing exchange rate volatility and strengthening external buffers.
This Selected Issues paper on the United States analyzes problems in the measurement of output and prices. The paper examines income versus expenditure measures of national output. Sources of consumer price index and findings of the Boskin Commission are discussed, and mismeasurement of output and productivity is analyzed. Developments in productivity across industries in the United States are described. In particular, the paper focuses on the slowdown in aggregate productivity growth that began in the mid-1970s and examines whether this slowdown has continued in recent years and is common across industries.