Latin American Countries

In what the Latin American countries were wrong to be so? Buenos Aires, 25 of February of 2009 A measure that passes the crisis, the same questions are a different answer every time that they are made: how will Latin America face this 2009? How much will grow up their economies? Some of them will enter into recession? The famous decoupling that they would experience the Latin American economies was just a mirage that lasted just a few months. The depth of this historical crisis destroyed the valid arguments that the region had to avoid a deep impact on their economies. Latin America dragged five years of growth at an average annual rate of 5%, with solid macroeconomic indicators and a domestic demand strengthened to improved social indicators (with a decrease in the rate of unemployment, reduction of poverty and indigence and improvement of average salary indicators). The idea that wasn’t crazy with these arguments, the Latin American countries could compensate with his internal fortitude (which did not show, in General, signs of wear), the deterioration observed in the external context. But the reality today is that the crisis is hitting hard to the region. The crisis affect Latin American countries since multiple fronts and has also changed the internal context of Latin American economies. Thus, the crisis struck the region both from the external sector with the collapse of demand and prices, as in the financial markets with the output of capital and its impact on exchange rates, and from the banking sector increasing uncertainty and that the entities are less willing to lend. The crisis has also changed the habits of families displayed more prudent consumption and less eager to borrow. In my group of friends, a few days ago, I made a brief interrogation to which I subjected them (unless they realize), and I noticed how have changed their consumption habits and postponed major expenses such as the purchase of a new car or home appliances.

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