Mercosur economies forecasted to grow between 7.5% and 10.1% this year

Friday, December 3rd 2010 - 06:10 UTC

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Spanish bank BBVA Studies Group increased its 2010 growth forecast for Latinamerica to 5.8% (from 5.2%) mainly because of the strong showing of domestic economies boosted by stimuli packages. The report also praised the performance of all four Mercosur full members (Argentina, Brazil, Uruguay and Paraguay) with their economies expanding over 7.5%. Read full article

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Sergio Vega
Yea, but .....what about inflation in those countries???? Who pays for that???? Just common people.....again!!!
Dec 03rd, 2010 - 02:36 pm - Link - Report abuse 0
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Fido Dido
just a kind of --borrowing manipulations--through

False, that is for so far the case in Europe (PIIGS), in the UK and the US..bubble explosion of manipulation.
The growth in South America is pure by (Majority) Asian demand and strong domestic growth (Brazil, where credit is still difficult to receive, I guess they learned the lesson from up north and haven't forgot their past of dealing with hyperinflation)

Inflation is a concern, where isn't that, but in some countries it's a data manipulation (Argentina), currency manipulation (the US is the biggest currency manipulator and not China) and in some countries demand grows faster than supply, and where they have to work more efficient to combat that problem (Brazil is an example).
Dec 03rd, 2010 - 03:03 pm - Link - Report abuse 0
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Forgetit87
The credit rating agency S&P has a paper on it.

http://www.financeasia.com/Tools/Print.aspx?CIID=239307
Dec 03rd, 2010 - 06:33 pm - Link - Report abuse 0
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