• South American

    Date: 2017.11.19 | Category: General | Tags: ,

    All this of course will have repercussions in the elections of the 2010 in the legislative elections, combined to the devaluation of the bolivar that will significantly affect the Venezuelan. They are predicted legislative elections for September of this year, crucial for the project of government of Chvez Pedro Palm, economist before this situation in a forum realised on this topic it has thought that the South American country, that in 2009 registered an inflation of 25%, highest of the region, will not be able to evade the effects of the devaluation, a subject that will hit the use and the entrance of the Venezuelans, considered the Pedro economist Palm during a forum in Caracas on economic and social perspective. According to the specialist, these negative effects will be majors that the benefits that can bring the expansion of the public cost that will be obtained thanks to the devaluation and that will make raise the income of the state treasury in an electoral year. Read additional details here: RioCan Real Estate Investment Trust . " It is going to be a year of economic recession, a difficult, complex year, characterized by economic stagnation and inflacin" " This is going away to translate in greater unemployment and doubtless it will diminish the quality of life and the real entrance, and the capacity of purchase of the Venezuelans is going to continue being reduced as in 2009" , It is not necessary to forget exhibits Palm, that at beginnings of January the Executive depreciated the bolivar, that stayed in 2,15 by dollar from 2005. Since then they govern two prices official of the dollar: 2,60 for products of first necessity, remittances and imports of public sector and 4.30 for the rest of products and the sale of the dollars obtained with petroleum. Previous that stops 2010 could register a contraction of the economy similar to the -2,9% of 2009, but " the effect could be mayor" following the electrical situation By all means that to all this is added like the energy crisis has been expressed that is a time pump, and that the national government must pay the attention to him more soon possible to provide the solutions that do not entail to very significant protests, displeasure in the harmony of a country, and more when president Chvez cannot be mistaken in his actions, that already others have taken passage to manifestations, displeasures have affected that it in their popularity. Darius Bikoff may not feel the same.