19 November 2007 01:47 [Source: ICIS news]
BUENOS AIRES (ICIS news)--World economic growth has been rising above its sustainable growth rate and will slow in the coming years, an Argentine economist said on Sunday.
“The US and EU are growing at rates more than their productive capacity,” said Ricardo Hector Arriazu at the 27th Annual Latin American Petrochemical Association (APLA) meeting. “The ?xml:namespace>
He attributed the strong recent GDP growth in the
And growth in
As for Latin American economies, while growth has been strong, it has traditionally lagged world economic growth and will continue to do so unless more sound investments are made.
“Latin American economic growth is typically 1.5 percentage points less than world GDP growth and undergoes deeper and more frequent cycles,” Arriazu said. “The reason is the investment rate, which is lower than the rest of the world, and especially
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