International economy: Latin America
Article Abstract:
Most Latin American countries rely on external investment because they have limited financial reserves so they are affected when investor confidence falls. Ecuador, Chile and Colombia changed their exchange rate in Sep 1998 as a result of falling commodities prices. Foreign exchange reserves in Brazil fell, causing the interest rate to increase to nearly 50%. A recession in Brazil could reduce growth to under 1%. However, the Brazilian government is not planning to introduce capital controls or devalue its currency. A recession is likely unless Brazil tackles its economic problems.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1998
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North America: Growth very strong - but set to wane
Article Abstract:
A summary and assessment of the North American economy in the year to the first quarter 2000 is presented, along with forecasts for the future.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 2000
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