The coronavirus pandemic is the worst global crisis since World War II, UN Secretary-General Antonio Guterres said on Tuesday, expressing concern that it could trigger conflicts around the world.
Unasur Economy ministers and Central Bank presidents will meet Friday to agree on measures to help the region address the impact of the global crisis. The meeting takes place in Buenos Aires hosted by Argentine Economy minister and Vice-president elect Amado Boudou.
Blaming speculation for the high price of food and oil, and arrogance and greed for the global economic crisis, the Dominican Republic called Thursday at the United Nations for new market rules and proposed a 5% tax on financial transactions to spur growth and prosperity.
Brazilian Finance minister Guido Mantega admitted before the Senate that the global financial crisis is already having an impact in the local economy and this will be reflected in a lower GDP for the twelve months.
For the second time in a week Brazilian president Dilma Rousseff said the country was prepared for the global financial turbulence, but said a strengthened domestic market was crucial to overcome the tough times ahead.