economic crisis - The Trawler.org
Vargas writes this time in his column about the economic crisis in the world, stating that economists from the left and right wings have agreed that the world crisis is going to get worse. Recession is not likely to stop next year and it could even get more difficult. The recovery in the US has been slow and it is not going to be consolidated in 2013. Moreover, the emergent economies of China and India have slowed this year and next year will keep the same way.
Vargas also wonders how Colombia is doing compared to the global economy. Colombia is still doing fine, growing a little bit less than last year but still fine. In 2011 the economy grew 6%. In the first semester of 2012 it was close to 5%. However, export has decreased due to the international crisis, therefore the economy in the second semester could slow down.
If the world economy keeps going through difficulties, Colombia will have problems too, that’s why Vargas states that Juan Manuel Santos should promote public investment. The government should invest the money in works and help the economy. (link to the article)
Jimena Val Gora
Carlos Manzoni, at La Nación, explains that decisions and policies made by Secretary of Commerce Moreno are not the only obstacles to Argentinean balance of trade: there are also many external factors that may be detrimental.
Some of these external factors are the ongoing conflict between Argentina and UK regarding the sovereignty of Malvinas Islands; institutional and political crises in the Arab countries –especially the Egyptian and Iranian case-; the crisis in EU and the local rejection to the mining industry.
All these external crises and conflicts are likely to have an impact on the balance of trade. If the crises continue those markets, which are important trading partners of the country, will start to buy less and less from Argentina. The crisis in EU could also affect the country’s productivity, since Argentina is still highly dependent from electronic and industrial materials produced in the Eurozone. (link to article)