Former Federal Reserve Chairman Alan Greenspan said there's a one-third probability of a recession this year in United States and that the current expansion won't have the staying power of its decade-long predecessor.
United States Treasury Secretary Henry Paulson in the middle of an Asian tour and currently in South Korea expressed confidence in the global economy describing it as strong and characterized by low inflation.
Argentina recovered this week its status of free from foot and mouth disease, FAM, with vaccination according to the country's Agro-food sanitary office, Senasa. Argentina suffered a limited FAM outbreak a year ago in the northern province of Corrientes.
With the summer season almost over Argentina had a record year in the number of tourists and money spent according to the Tourism Secretary in Buenos Aires.
Brazil's Central Bank on Wednesday cut the basic reference interest rate Selic by 25 points to 12.75%, in line with market expectations and government promises of a more flexible monetary policy
Chile's Consumer Price Index deflated 0.2% in February, totaling 0.1% in the first two months of 2007 and 2.7% in the last twelve months, according to a release from the country's National Statistics Institute.