Latin American economic subject and China and India trade to support a strong recovery

When the United States and the European economic recovery step, the Latin American region economy reveals growth. An expert group on 24 August, in the recovery from the global financial crisis, the Latin American region shows a relatively strong momentum, this indicates that China and India's trade is becoming more and more important; it also shows that the Latin American countries imposed strong fiscal policy is very effective.

Expected 2010 Brazil's economic growth rate will exceed the growth rate of 7%, Peru will reach 6.6%, Chile is at least a growth rate of 5%.

The Latin American region reduces the United States and the European trade-dependent. Argentina before the central bankers AlfonsoPrat-Gay said that in recent years, most Latin American countries expanded and India and China in trade size, with the rapid development of bilateral economic advantage. Latin America emerge from the past, developing countries dependent on the old model of developed countries.

Prat-Gay that developed countries economic crisis impact on Latin America is not so obvious.

In Latin American countries, Chile's most diversified export object state. The export of commodities, 23.2% are exported to China, 13.2% are sold to include India, Asia and other developing countries remain 16.4% in Latin America, 18% are exported to the EU (EuropeanUnion), and United States 11.3% sold.

Chile's Finance Minister said in the past people FelipeLarrain refers to the Latin American region, the thought of high inflation and massive public debt, but now benefits from a strong fiscal policy, which generally brought under control, the Latin American region economy also has sustained growth momentum.

Latin American countries are working to balance its current account, reducing public debt and to become more actively involved in international trade. Larrain, Latin American countries on macroeconomic policy has generally improved.

However, with economic growth and development is a new challenge. Improvement of macro-economic environment to stimulate the inflow of investment funds, the dollar reserves in Latin American countries. Prat-Gay represents, and the last on the contrary, the Latin American countries will appear to the US dollar surplus situation.

In recent years, to some extent, because of the massive influx of USD, including Chile pesos and Brazil reals, Latin American regional currencies against the US dollar has been rising, the Latin American countries faced the export industry's competitiveness.

Peru former Minister of energy and mines said that Latin American countries PedroPabloKuczynski need plans addressing regional currency or will continue to appreciate the situation, because once this happens, the competitiveness of Latin American countries will no longer exist, the expected economic growth will vanish.