Thursday, March 5, 2015

Latin American Markets did not adjust to The Commodities Price Change





"Most of the economies in Latin America were not ready to adjust to this change in commodity prices." Nouriel Roubini, Chairman of Roubini Global Economics said at Credit Suisse's recent Latin American Investment Conference in Sao Paulo, GDP growth in Latin America has fallen steadily, from 6.3 in 2010 to 1.2 percent in 2014. The World Bank's statistical models predict that if Chinese GDP growth drops 1 percentage point over the course of two years, Latin American output would shrink by 0.6 percentage point as a result



Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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