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  • 1. Economic Crisis:Effects in Colombia
    Braulio Angulo
    Lina Oviedo
    Catalina Carmona
    ENGLISH V 2009/2

2. Contens
General Concepts

  • Origin

3. Historial dataColombia Effects
Industry sector and the crisis
Economic Crisis:Effects in Colombia
ENGLISH V 2009/2
4. PRIMERA OLA
August 2007: The housing bubble burst in the United States
September December 2007: The Fed lowers interest rates
It decreases the growth. Devaluation of the rate of change to adjust external bills.
January September 2008: The crisis extends to the overall financial sector
The hit countries are the clerks of it USES.
September 2008: It is the breaking point. Lehman Brothers fail
February 2009: The U.S. Congress approves the fiscal stimulus package
SEGUNDA OLA
It triggers a crisis of confidence in the financial sector
Loss of briefcases in Europe generates the investors' aversion to invest in emergent countries
October December 2008: The governments of developed countries announced fiscal stimulus packages
January 2009: Developed countries officially entering recession
WORLD CRISIS: TWO WAVES
ENGLISH V 2009/2
5. THE CRISIS IN COLOMBIA
OUR STRENGTHS

  • Execution of the Banks of the regulations.

6. Invigoration of the patrimony of the banks. 7. Improvement internal processes of administration of risks. 8. Consolidation of the system: Those survived but strong. 9. Politics of Independence of the Main Houses. 10. Not existence of speculative bubbles. 11. Comfortable situation of liquidity. 12. Moderate Fiscal deficit. 13. It appraises of Flexible Change. 14. Closed economy.ARE WE PREPARED?
ENGLISH V 2009/2
15. THE CRISIS IN COLOMBIA
OUR WEAKNESSES

  • Rigid, slow and antiquated economy: Strong blow = Long recovery.

16. Closed: Adjust of the demand it is but traumatic. 17. There are not structural measures. 18. There was not saving in the upward part of the cycle. 19. The shy measures generate distrust. 20. Exports: High dependence 21. PyramidsARE WE PREPARED?
ENGLISH V 2009/2
22. ENGLISH V 2009/2
23. ENGLISH V 2009/2
24. Titulo
Fuente: DANE- Direccin de Sntesis y Cuentas Nacionales
ENGLISH V 2009/2
25. THE CRISIS IN COLOMBIAARE WE PREPARED TO FACE IT?
RECOMMENDATIONS

  • To avoid measures of short term and populists.

26. To watch over financial sector-Non intervention of the BC in adjustment of Rate of Change. 27. Attraction of capitals stops after having overcome the crisis. 28. Crisis: Opportunity to achieve goals.ENGLISH V 2009/2
29. Employment, Production and Sales
ENGLISH V 2009/2
30. EFFECTS OF THE CRISIS IN THE MANUFACTURER INDUSTRY
Decrease in exports
Decrease in financialresourcesforeign
Increased production costs (gasoline prices)
ENGLISH V 2009/2
31. Effects of the crisis
Therisingunemployment (-6.1% March 2009)
fall of the dollar
ENGLISH V 2009/2
32. 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. Bogot D.C. Septiember 24, 2009. Avalaible at:
DANE. newsbulletin: 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