Eclac Warns About Economic Decrease in Latin America

Alicia Barcena

The Economic Commission for Latin America and the Caribbean (Eclac) informed that the economies of the region showed a decrease from 5,9% to 3,7% due to the growing international difficulties and especially in the euro zone.

The general secretary of Cepal, Alicia Barcena, made the prognosis during a meeting with the Latin American Association of Integration (ALADI) with ministers delegated from different organizations. ALADI is composed of Argentina, Bolivia, Brazil, Colombia, Cuba, Chile, Ecuador, Peru, Paraguay, Panama, Mexico, Venezuela and Uruguay.

During the exposition, Patricia Espinoza, the Secretary of Foreign Affairs of Mexico, expressed her interest in working in the free commerce. The minister of Economy from Uruguay, Fernando Lorenzo, defended the country’s openness policy to maintain the negotiations with their neighbors to overcome these situations.

Meanwhile Barcena, pointed that the region increase their global exports by 23% and that Latin America along with the Caribbean must pay attention to the Asia-Pacific regions. However she added that the inflation is rising and this could cause several inconveniences. (AV)