South American economic growth rate will fall to 3.5 percent

Island Development Bank (IADB) 19, said that the U.S. economic slowdown, the global stock market crash and Argentina Ting time of economic uncertainty, and so the impact is expected this year's South American economic growth by four per cent last year Fell to 3.5 percent. IADB believe that the global economic slowdown so that investors increase investment in South America worries so that the countries in the region In both lending and fund-raising more difficult. On the other hand, due to be adversely Argentina's domestic and international problems, investors long delay Extension of investment and weak consumer confidence, so last year in Argentina, there is absolutely no economic improvement. In order to avoid the Government itself in a financial crisis, finance ministers last week, Mei Fei announced a series of financial austerity measures, a substantial 4,500,000,000 U.S. dollars to reduce government spending and the abolition of several tax exemption. However, on the whole, this year's South American economy is not too bad, as the U.S. interest rate cut of at least a hundred 75 basis points, so in times of the national debt, is expected to be less interest to pay up to 2,500,000,000 U.S. dollars