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The Argentine growth will continue for many years
The Deutsche Bank forecasted that the growth will continue for many years
Source:
INFOBAE
Newspaper
The annalist Gustavo Cañonero exposed that the evolution of China and India will guarantee the need for products as the Argentines. He anticipated that the growth of the world will be of 4.1 %.
The Deutsche Bank annalist, Gustavo Cañonero, sustained that "Argentina will be benefit during the next years by the growth of China and India so much that they guarantee the need for primary products."
"In those countries, the consumption of proteins duplicates the international rate, therefore, the cereals and oilier that Argentina produces will be highly demanded, and the price will maintain its current levels."
The expert exposed in the "Consejo de las Americas "that is being developed in the Alvear Hotel in Buenos Aires, and is called by businessmen and representatives of the United States.
Cañonero presented a positive economical international view, asserting that the growth of the world for this year will be of 4.8%, while in 2007 the rate will be softer with 4.1%. "It will be some deceleration, but the currency stability and the interest's rates will be maintained." said in his presentation the Chief Economist of the Deutsche bank for Latin America.
One of the most interesting details of his presentation was when he explained that "in Argentina there is a replacement of capital for employment in the companies." With this he explained "that the businessmen are choosing to employ more people over accumulating capital, improving in this way the main pillars of the Argentine growth."
He emphasized that "the inversion has been strongly concentrated in the construction area, on the same wavelength as the demand without precedents in this country", Cañonero suggested that "inversions for u$a 5, 000 will be needed in the next 5 years" to guarantee that the economical growth will rely on the electricity and gas needed. That is why; he explained "the concern of the Government in that area."
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