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The Balancing Act; Latin America's Economies
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8746 (Aug. 2011)
,
page 28-29.
Topik:
Regions
;
Economic Growth
;
Inflation
;
Economic Recovery
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.67
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
While Europe and the United States have been mired in economic stagnation, Latin America has enjoyed a strong recovery. As fear stalked financial markets around the world this week, the region's stockmarkets and currencies tanked on August 8th. Brazil's Bovespa index plunged by 8.1%, the real fell to its weakest against the dollar in three months and the Mexican peso plunged to its lowest value in six months. The markets remained choppy thereafter. Faced with overheating and currencies that have become uncomfortably strong, hurting manufacturers, policymakers in Brazil and some other South American countries would quietly welcome a modest fall in their exchange rates. The better-run countries of Latin America also have more policy weapons available than most rich-world economies. Even before the latest market turmoil, economic growth in Latin America was expected to slow, to around 4% a year. The longer South American countries, in particular, postpone structural reforms, the more they leave themselves hostage to the outside world.
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