south america

							South America (17/11/11)

GDP growth expected to fall this year, along with growth in exports.

GDP growth in South American averaged 6.3% in 2010, but was expected to fall to 4.5% this year, as
economic stimulus measures, implemented in 2009, have begun to phase out and global economic
growth has slowed. The average rate of unemployment had dropped to 7.8% at the end of 2010,
suggesting a potential increase in manufacturing output, as South American exports remain competitive.
Despite this, a business confidence indicator conducted by the Economist and the FT, showed that
confidence was around -45% in October this year, as global economic growth has slowed along with the
potential demand for South American exports. It is unlikely that the expected rise in exports of 27% this
year has been been reached.

Key Data:

GDP Per Capita (PPP)                                           N/A
GDP Growth                                                     6.3% (2010)
Unemployment                                                   7.8% (end of 2010)
Inflation                                                      N/A
Interest Rate                                                  N/A
Exchange Rate ($)                                              N/A
10 Year Bond Yield                                             N/A
Imports                                                        Expected to rise 22% in 2011
Exports                                                        Expected to rise 27% in 2011
Balance of Trade                                               N/A


Contextual Data: (add more where appropriate)

Business Confidence                                           -45% (October)
Stories behind the figures:

   GDP Growth: GDP growth in South American averaged 6.3% in 2010, but was expected to fall to
    4.5% this year, as economic stimulus measures, implemented in 2009, have begun to phase out and
    global economic growth has slowed.
    http://www.un.org/en/development/desa/policy/wesp/wesp_current/2011wesp_pr_latinam_en.p
    df

   Unemployment: The average rate of unemployment dropped to 7.8% at the end of 2010.
    http://www.un.org/en/development/desa/policy/wesp/wesp_current/2011wesp_pr_latinam_en.p
    df

   Business Confidence Indicator: -45% in October, according to the Global Business Barometer,
    surveyed by the Economist and FT.
    http://www.economist.com/blogs/dailychart/2011/11/global-business-barometer

   Imports: Value of imports to South American and the Caribbean this year is expected to rise 22%
    this year.
    http://www.eclac.org/comercio/publicaciones/xml/4/44374/The_region_in_the_decade_of_the_e
    merging_economies_Summary_2011.pdf

   Exports: Value of exports from South America and the Caribbean this year is expected to rise 27%
    this year.
    http://www.eclac.org/comercio/publicaciones/xml/4/44374/The_region_in_the_decade_of_the_e
    merging_economies_Summary_2011.pdf