After the seven plagues of 2000, the US Federal Reserve unexpected decision to lower basic interest rates 0,5%, to 6% before the formal Open Market Meeting of mid January, has come as a blessing and was described as the best news of the year by officials from Mercosur members.
The United States Central Information Agency, CIA, forecasts prosperity for Latinamerica in the coming fifteen years based primarily in the information revolution and an important drop in the birth rate.
Brazil has embarked on policies that can make it a major international economic nation, according to a comprehensive review of South America's biggest country and Mercosur's dominant partner, published by the London Times Newspaper.
In a quick visit to Argentina and Uruguay Mike Moore, chairman of the World Trade Organisation urged a new trade round for the coming year and anticipated that agriculture will be in the negotiation table.