Upload
juventudsju
View
227
Download
2
Tags:
Embed Size (px)
Citation preview
Economic Crisis: Effects in Colombia
Braulio Angulo
Lina Oviedo
Catalina CarmonaENGLISH V– 2009/2
Contens
1. General Concepts Origin Historial data
2. Colombia Effects
3. Industry sector and the crisis
ENGLISH V– 2009/2
Economic Crisis: Effects in Colombia
ENGLISH V– 2009/2
• WORLD CRISIS: TWO WAVES
August 2007: The housing bubble burst in the United States
September – December 2007: The Fed lowers interest rates
January – September 2008: The crisis extends to the overall financial sector
September 2008: It is the breaking point. Lehman Brothers fail
It triggers a crisis of confidence in the financial sector
October – December 2008: The governments of developed countries announced fiscal stimulus packages
January 2009: Developed countries officially entering recession
February 2009: The U.S. Congress approves the fiscal stimulus package
PRIMERA OLA
SE
GU
ND
A O
LA
Loss of briefcases in Europe generates the investors' aversion to invest in emergent countries
The hit countries are the clerks of it USES.
It decreases the growth. Devaluation of the rate of change to adjust external bills.
THE CRISIS IN COLOMBIA
• ARE WE PREPARED?
OUR STRENGTHS
Execution of the Banks of the regulations.
Invigoration of the patrimony of the banks.
Improvement internal processes of
administration of risks.
Consolidation of the system: Those
survived but strong.
Politics of Independence of the Main
Houses.
Not existence of speculative bubbles.
Comfortable situation of liquidity.
Moderate Fiscal deficit.
It appraises of Flexible Change.
Closed economy.
ENGLISH V– 2009/2
THE CRISIS IN COLOMBIA
• ARE WE PREPARED?
OUR WEAKNESSES
Rigid, slow and antiquated economy:
Strong blow = Long recovery.
Closed: Adjust of the demand it is but
traumatic.
There are not structural measures.
There was not saving in the upward part
of the cycle.
The shy measures generate distrust.
Exports: High dependence
Pyramids
ENGLISH V– 2009/2
ENGLISH V– 2009/2
Constr
uctio
n
Min
ing
Fina
ncial
Socia
l serv
ices
Electri
city,
Gas an
d it D
ilutes
Transp
ort
Agricu
ltural
Trade
Indu
stry M
anuf
actu
rer-15
-10
-5
0
5
10
15
20 16.8
10.2
4.3
0.5 0.1
-1.2 -1.8-3.9
-10.2
Annual percentage change of PIB by economic sectors 2008/II Vs 2009/II
Per
cent
age
vari
atio
n
Fuente: DANE- Dirección de Síntesis y Cuentas Nacionales
ENGLISH V– 2009/2
TituloB
eaut
iful
and
not
str
ong
mat
eria
ls
Suga
r gen
iuse
s
Car
pent
ry fo
r con
stru
ctio
ns
Dri
nks
Oth
er C
hem
ists
Mea
t and
Fis
h
Oth
er T
exti
le P
rodu
cts
Poin
t art
icle
s an
d ho
ok
I gla
ze a
nd th
eir p
rodu
cts
Oth
er in
dust
ries
man
ufac
ture
rs
Aut
opar
tes,
pie
ces
for v
ehic
les
Prod
ucts
of R
ubbe
r
Self
-dri
ven
vehi
cles
Cha
ssis
Prod
ucts
of I
ron
and
Stee
l
Oth
er w
oode
n on
e
Oth
ers
of Im
pres
sion
-50
-40
-30
-20
-10
0
10
20
30
40
5041.3
15.5
6.6 6.5 4.9 3.7
-21.8 -23.8 -24.3 -25 -25.8-29.6 -31.1 -33.2
-37.5 -37.9-41.2
Main annual variations of the real production according to activity manufac-turer (January – Jule 2008 /2009)
Per
cent
age
vari
atio
n
ENGLISH V– 2009/2
Fuente: DANE- Dirección de Síntesis y Cuentas Nacionales
THE CRISIS IN COLOMBIAARE WE PREPARED TO FACE IT?• RECOMMENDATI
ONS
To avoid measures of short term and populists.
To watch over financial sector-Non intervention
of the BC in adjustment of Rate of Change.
Attraction of capitals stops after having
overcome the crisis.
Crisis: Opportunity to achieve goals.
ENGLISH V– 2009/2
Employment, Production and Sales
ENGLISH V– 2009/2
EFFECTS OF THE CRISIS IN THE MANUFACTURER INDUSTRY
• Decrease in exports• Decrease in financial resources foreign• Increased production costs (gasoline prices)
ENGLISH V– 2009/2
Effects of the crisis
• The rising unemployment (-6.1% March 2009)• fall of the dollar
ENGLISH V– 2009/2
BIBLIOGRAPHY• Radio Santafe. In economic crisis, most affected unions point to new
markets. October 10, 2009. Avalaible at :
http://www.radiosantafe.com/2009/10/10/por-crisis economica-gremios-mas-afectados-apuntan-a-nuevos-mercados/
• DANE. PIB. September 2009. Avalaible at: http://www.dane.gov.co/files/investigaciones/boletines/pib/presen_PIB_IItrim09.pdf
DANE. PIB. Bogotá D.C. Septiember 24, 2009. Avalaible at:
DANE. news bulletin: Manufacturing. June 2009. Avalaible at: http://www.dane.gov.co/files/comunicados/cp_pib_iitrim0http://www.dane.gov.co/files/investigaciones/boletines/mmm/bol_mmm_jun09.pdf
ENGLISH V– 2009/2