World Financial Crisis and Latin America
Let me start this post with this video… The Finnacial Crisis getting bigger in every part of the world. It had not hitted Latin America yet, as hard as I could be.
You are going to laugh, but will get you thinking a little bit.
It is on the news paper, on the television, and on the company you work for, or maybe the company you own, the world financial crisis is kicking in hard. Lets take a quick look. Billion Dollar Brain movie download The Informant divx
The Oil Bangkok Dangerous movies
dropped, and it might get as low as 30.00 a barrel. The Oil market is dropping, and it is facing a lot a variables take the barrel price lower than other months. Oil. The oil is dropping for a lot of reasons, but mainly we can see three of them, there is just to much oil on stock, the quality has changed a big time, and consumers are just not buying the same amount as used to do.
Consumers like me, might be very happy because of the price is low, but is it continues like this could bring disadvantages. Economy depends on the prince of energy, countries like Venezuela are involved here, could face enormous loses, Engineers and other workers WILL lose their jobs, as well all the working part of the society that is part of this chain. Oil price will go up, this is not forever, of consumers don´t take the proper actions, they are going to be less prepared for the consequences.
Banks Cry for Help are going to lower their interest rates to try counter attack the economic problem. This continued in Europe, but still they don’t think that this will stop Europe from falling to a recession, but at least when the recession kicks in the fall is not going to be that hard. US banks already lowered the interest rate to 1% and they still need to do adjustments.
But what about Latin America?
The main part of the Latin American economy depends on trade with the United States . As such Latin America will suffer the consequences of the financial crisis and also a slower growth is expected.
Due to its close relationship to the US via the NAFTA and other agreements, Mexico is expected to have one of the lowest growth rates for the region next year at 1.9%, compared to a downgraded forecast of 3% for the rest of the region. Some Latin American countries have gathered on form of the Latin American Pacific Arc, hoping to improve trade and investment with Asia. Diversifying in this way might be good for the region and help provide some stability against future crises and also lower costs at the moment of exporting. For the moment, the integration is going ahead, despite concerns about the financial crisis.
Financial Crisis just seems to get worts everyday, but see what tomorrow brings.The Duchess download