Brazil and Peru between the best economic growth forecast in 2010 July 2010
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Juan Isaac Rodriguez G. 
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               Regional Economics Perspectives
  
  
Dear  ,
 
According to the last report of Latin focus Consensus Forecast (June, 2010) Brazil and Peru lead the projections of economic growth in 2010 in the region. The behavior of both South American economies registered in the last quarters makes foresee that to the closing of the year there have to be reached increases of 6,5 % and 5,7 % respectively. On the other hand , Venezuela would be the only country that would present negative results: -2,6 %
 
 
It is worth  to remember that in 2009 the economies of almost the whole world were  seriously affected by the financial international crisis. Four South American countries experienced negative results that year: Paraguay, Venezuela, Chile and Brazil. 
   
Likewise, last year the GDP of South America was close to  US$ 2,824 billions  of which Brazil explains 55,7 % . Follows Argentina, Venezuela, Colombia, Chile and Peru with 10,9% 10,6% 8,2% 5,8 % and 4,5% respectively.
      
SOUTH AMERICAN GDP STRUCTURE 2009 
 
Source: Latin Focus Consensus Forecast - June 2010 Elaboration: CREDIT REPORT  ® 
 
Nevertheless these perspectives,. The opened unemployment rate  raised from 7,3 % to 8,1 % during 2009, less than we expected before , but it is a fact that it  increased. This according to the last monthly bulletin of June " Labour Conjuncture in Latin America and the Caribbean " issued  by United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and  International Labour Organization (ILO-UN).
 

Although the crisis caused a fall in the  employment levels , increases of the  unemployment  rate and a deteriorate in the quality of the employment, the impact was reduced  by the economic recovery that began in the middle of 2009 worldwide. Also favored per  anticyclical applied  policies and the stability of  purchasing power of the salaries because of the descendant inflation, with which the fall of the internal demand was stopped.

  

The improvement of the labor market has continued to beginnings of 2010, though several countries still  are far from exceed the impact of the crisis we expect that the situation  improves in all the countries of the region and this way the productive chains are activated and the growth is perceived by the whole population without exception. 

   
Kindest Regards, 
 

Juan Isaac Rodriguez Gutierrez 
Marketing Manager  
  
"Your Business success, Our Greatest satisfaction
  
  
 
 
*Sources: 
  
FOCUS ECONOMICS - Spain
 
ECLAC – Económic Commission for Latin America and the Caribbean
  
Chamber of commerce of Lima - Perú
  
The Economist