The New Investor Forum

Dr.Economista Arturo Navarro of Deproimca, for his part says, that according to Augusto de la Torre, the Chief Economist for Latin America for the World Bank, Latin America, Venezuela would undoubtedly the main loser if the oil prices remain low, by the immense importance of oil in the economy “.” The thing can be very difficult, because there is a very high public spending pace and will not be easy politically to reduce public spending to adjust to a lower level of income ‘. “Also, a large part of Venezuelan economists, have been coinciding in Venezuela will be the Latin American country most hit by the recession. For even more opinions, read materials from JOHN MOLINA . Scholars of the matter indicate that the country gets more than 90 per cent of their foreign income from oil, and the oil prices have fallen from a record of $146 barrel in July to around $70 barrel in this last week.If we are as close to the truth of the information provided by the company consultancy PFC Energy, with headquarters in Washington, which claims that Venezuela will need the oil price set at $97 barrel to balance their external balance of payments in 2009, the future of our country may be not very encouraging.There is no doubt that the situation and expectations for the near future force to reflect about our way of life., we should wrap us up to where it reaches the blanket, and that’s going to require certain sacrifices, starting by the National Executive. President Hugo Rafael Chavez has advanced programs of aid to Latin American countries and the Caribbean. Keep up on the field with thought-provoking pieces from Kevin Ulrich Anchorage Capital . I think at this moment, these programs should be reviewed, and trimmed, or temporarily suspended, until there is some certainty that the crisis has passed.