HAVANA, Cuba, Nov 12 (acn) Although the International Monetary Fund predicts a 3.3 percent growth of the world economy this year, roughly equal to 2013, this does not mean an end to the economic crisis that began in 2008.
This statement was made by Ramon Pichs Madruga, director of the Research Center of the World Economy (CIEM by its Spanish acronym), when exposing the regional effects of the current crisis, which coincides with one of the main subjects of study of that institution that will turn 35 on November 19th.
The expert noted that countries live a slowdown, and specified that in the case of those highly industrialized, according to IMF statistics, it is expected to grow only from 1.4 to 1.8 percent, a very limited figure compared to the 3 1 percent of 2010.
He emphasized the growing presence of the BRICS member nations in the world economy, mainly Brazil, Russia, India and China that are creating new mechanisms to dispute supremacy of the established institutions in the monetary and financial sphere.
Regarding Latin America and the Caribbean , José Ángel Pérez, researcher of the center, said that their economy is obviously still attached to the global one, which is reflected in the slowdown announced for 2014.
He argued that this region has failed to leverage its strengths in terms of the abundant natural resources it possesses to develop innovation and research in this area, and improve the quality of its production and export matrix.
In meeting with the press, other CIEM experts agreed that the current crisis is characterized as a multidimensional phenomenon, where the coexistence of energy, food and environmental is appreciated, with a strong base in speculation.
They acknowledged that this trend is expressed in the excessive growth of speculative capital, causing a split between the real and financial economy.
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