Latam exports 'worst in 70 years' - Democratic Underground

dipsydoodle

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Wed Aug-26-09 11:13 AM
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Latam exports 'worst in 70 years'

Exports from Latin American and Caribbean nations are set to show their steepest fall in more than 70 years, the United Nations has predicted.

The region's exports are expected to shrink in volume by 11% in 2009, says the UN Economic Commission for Latin America and the Caribbean (Eclac).

If the prediction proves accurate, it will be the worst drop since 1937.

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Imports are also expected to fall sharply, says Eclac. The commission predicts a decline of 14%, which would be the biggest reduction since 1982.

http://news.bbc.co.uk/1/hi/business/8222389.stm

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