MUZIKSPACE is #1 online Caribbean community where you can meet people, share music, photos and videos for FREE! Create your own blogs, join forums, post classifieds, sell or buy items and much more!
Economy in L. America, Caribbean expected to contract 1.8% in 2009
- The Economic Commission for Latin America and the Caribbean (ECLAC) said Thursday that the economy of the region will contract 1.8 percent in 2009, due to the global economic crisis.
According to ECLAC Executive Secretary Alicia Barcena, "the worst of the crisis has been left behind. The engines of the growth are being turned on again, but we do not know how long the fuel will last."
During the presentation of ECLAC "Preliminary Balance of Latin America and Caribbean Economies 2009," Barcena said that the recovery of the economies in the region will be faster than was projected months ago.
According to the report, in 2010 most of the countries will have positive growth rates. However, there are still doubts about whether the recovery will be sustained, because the external scenery could affect the growth expectation in the region.
All graphics, logos, designs, button icons, photography, videos, scripts & other service names are the trademarks of Muzikspace & users that upload the specific content.
.jpg){kind=small}
