LatAm Export Drop Seen Worst Since 1937

LatAm Export Drop Seen Worst Since 1937


In 2009, exports from LatAm and the Caribbean will fall 11%, the biggest drop in 72 years, according to the United Nation’s Economic Commission for LatAm and the Caribbean (Eclac). It also forecasts that imports will decrease by 14%, the sharpest decline in 27 years, and that trade volume will be 13% lower. By comparison, Eclac expects global trade volume to drop by 10%. Commodity-export countries, especially exporters of oil and minerals, have been the most affected by the deterioration in term

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