The Economic Situation Report at the end of the first quarter of 2011 states: Economic growth is still slow and fragile.
The global economic recovery continues, although there are still some weaknesses in the international financial condition. A 4.4% expansion is projected for 2011. However, this recovery is uneven across countries: while the developed economies are could reach 2.5% growth, in emerging and developing countries the expansion could be 6%.
Corn shortage is adding to the already existing shortage of bean. Escalating international prices are threatening millions of poor Central Americans.
January global data shows that food prices continue to rise and are already surpassing the 2008 prices.
And while the Central American economies are benefiting in part by the increase, for example by increasing revenues from coffee and sugar exports, they have not secured supply of basic traditional consumer products such as wheat, corn and beans; the basic foods of poor population. The already high prices are worsened by poor harvests due to bad weather.
The 15th State of the Nation Report warns on rising crime, larger income disparity and misuse of natural resources.
From the report's abstract, we highlighted the following titles:
¿What is the magnitude of the crisis, and how does it affect the country?
Less access to dignifying income
Social investment levels are maintained despite GDP drop
Important deterioration in stability
Sugar production in the southeast of Brazil has fallen almost 11 percent in this year's harvest, while at the same time ethanol production grew by 6.15 percent.
According to the Union of the Sugar Cane Industry, the data reported on June 1 has confirmed that the harvest is more favorable to ethanol, a fule heavily used in Brazilian automobiles.
Results of key economic indicators to August 2007 Panama
The economic outlook for the Latin American and Caribbean region is mantienenfavorables, according to the latest Economic Survey of Latin America and the Caribbean 2006-2007 developed by Economic Commission for Latin America and the Caribbean (ECLAC)
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