06 October 2009

Latin American Economic Recovery To Be Very Slow Says UN.

MERCO PRESS/
Latin America’s recovery will be very show while unemployment keeps a rising warned Alicia Barcena, Executive Secretary for the United Nations Latinamerica and Caribbean Economic Commission.
“The world has entered a stage where growth rates will be less than those we have been accustomed to in recent years”...only in the range of 3%.
Barcena said that according to the forecasts from Cepal the region is set to contract 1.9% this year, even when latest positive data “could be indicating that the percentage could fall to 1.5%”.