The success of the efficient administration of PAN are felt once again with this note of the day:
Mexico will record slower growth in AL in 2008: ECLAC
countries of the region will grow in 2008 on average 4.7 percent, while our country encrypt 2.7 percent. AFP
Santiago. Latin America will grow in 2008, one point less than last year, to achieve an expansion of 4.7 percent against a backdrop of slower growth for the entry into recession in the U.S. economy, which hit hardest in Mexico, ECLAC estimated Tuesday .
countries of the region will grow in 2008 on average 4.7 percent, which means a downward adjustment compared to an estimate made last December by the Economic Commission for Latin America and the Caribbean (ECLAC), which is based in Santiago.
"Latin America will grow in 2008 by 4.7 percent, partly due to drag" of the previous year's growth, said executive secretary of ECLAC, José Luis Machinea. In 2007, Latin American economies grew 5.7 percent, successfully dodging the global financial volatility.
Now, however, Latin America will suffer from the effects of the entry into recession in the U.S. economy, which in turn will cause a slowdown in European economies and a slight reduction in growth in China, said Machinea.
"There will be an impact on the region," The Economist.
The most affected will be Mexico, whose economy will expand just 2.7 percent from 3.3 percent reached in 2007 to become the country with the lowest yield in the region.
Panama, with a GDP growth of 8 percent, instead lead regional growth, followed by Peru and Argentina, which recorded a growth of 7 percent, Uruguay, with 6.5 percent and Colombia and Venezuela 6 percent.
mediocrity is located in Bolivia and Paraguay, with 5 per cent, followed by Brazil with 4.8 percent and Chile, Costa Rica, Guatemala, Honduras, will expand 4.5 percent.
Lowest growth recorded El Salvador (4 percent), Haiti and Nicaragua (3.5 percent) and Ecuador (3 percent).
The Mexican economy is affected because the main defendant in his lower especially important expansion of its manufacturing exports to the United States, representing more than 73 percent of their shipments, said Machinea.
This factor will also affect other economies in the region, Dominican Republic, Costa Rica and Guatemala, all of which are among its exports a high percentage of manufacturing.
The economic crisis will also impact on remittances to nations in the region, might be reduced in 2008 to a value estimated yet, mainly affecting the Central American countries, where the reception of dollars from abroad represents a significant percentage of its GDP.
poorest countries in the region will be affected also by higher food prices, which should register a decrease between now and year's end, according to ECLAC, which previously held that the rise in food prices will poverty to 10 million Latin Americans.
This time, however, "the impact on the countries of the region will be lower than in the past for its less vulnerable" stressed the head of ECLAC. For 2009 "is difficult for the region to grow by about 4 percent, if the global economy is slowing," said Machinea.
The economist was also a call for countries in the region carry restrictions on capital inflows and intervene the foreign exchange market, should take anti-inflationary policy to increasing interest rates.
"Raise interest rates without intervention in the foreign exchange market and the uncontrolled influx of capital will generate more appreciation," said Machinea.
At this height is more than evident that the puppet does not care minimum as people's needs. Zany
means: THE PEOPLE ARE NOT DUMB!
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