UN agency warns of exports slowdown in L. America, Caribbean

Foreign trade in Latin America and the Caribbean will suffer from the global economic slowdown, a UN commission says.

“The current recession in the eurozone, the lack of economic dynamism in the United States and Japan and the moderate growth of China and other emerging economies will affect trade in the region,” the United Nations Economic Commission for Latin America and Caribbean (ECLAC) said Thursday in its annual report titled “Latin America and the Caribbean in the World Economy 2011-2012”.

The commission estimated that regional exports would increase 4 percent in 2012, while imports were expected to rise 3 percent. The average trade exchange will be 20 percent lower than growth rates from last year.

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3 Comments

  1. tumble, backkick
    September 20, 2012

    Until a large farm in Brazil decides to plant nutmeg!

  2. Str8
    September 19, 2012

    The UN decides who Sells and who Buys. They are connected to the World Trade Organization, IMF and World Bank and UNESCO among others. The same group of People Run them all. What they are actually saying is that Regional Exports is gonna be slowed down (forcefully) and we are gonna have to take More loans from their Banks and pay back high interests rates.. Its just a big money making scam like their Agenda 21 World Programme. The UN is the Most evil and trecherous organization ever created along with its sister The Council on Foreign Relations.

  3. Derp
    September 18, 2012

    You know this entity they call the UN.. although exports slow down in some countries not all exports slow down overall in the Caribbean for example Grenada is the second largest exporter of nutmegs in the world! They show no signs of slowing down…

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