Does not believe that my friends are a reference parameter on the behaviour of families in Latin America, but are in line with what is perceived at the level of macroeconomic variables that indicate a strong slowdown in domestic demand. International agencies have also reduced their projections for growth for the region. From the World Bank, were to fix down the projected growth for the region. In its latest projection, the BM estimated that Latin America can hardly grow by 0.3% this year. What prompted the drastic change in the projected growth of the World Bank for Latin America? It is worth remembering that in the month of January, International Agency predicted that the region would expand by 1%, while towards the month of September 2008, their projections for growth for Latin America were located in 3.7%. Surely, the World Bank noted that not only the external environment has continued to deteriorate, but also the internal conditions of the Latin American economies have experienced a deterioration. It is that the external impact on them has led to a vicious cycle that has affected the labour market, an impact turn on consumption and so on up to result in one greater GDP contraction. A little more optimistic are shown both from the International Monetary Fund (IMF) and the Corporacion andina de Fomento (CAF), who argue that Latin America may achieve a growth of 1% and 1.5% this year, respectively.
Anyway, despite show is more optimistic than the World Bank, both have experienced a strong correction in their projections for economic growth for the region. For Latin America, the 2009 will be a challenging year. And according to ECLAC warns it will be more challenging even with the economic stimulus plan from Obama that will impact negatively on the economies of the region to search for the same reduce energy dependence and strengthen productivity in the American manufacturing sector. One of the most important negative impacts will come from the clause of buy American, considered a protectionist measure by the main trading partners of the United States.
