Chilean fruit producers and exporters analyzed the global economic scenario

In a seminar organized by Rabobank and Fedefruta, over 80 producers/exporters pondered about the main elements that determine the current performance of the world economy.

An interesting day of analysis and reflection on the global economic scenario and its implication in the national macroeconomic sector took place last Wednesday at the seminar: Appreciation of the Exchange Rate in an export economy. This event counted with the special participation of the Head of Market Research & Finance, Jan Lambregts and the Dean of the Faculty of Economics and Business of the University of Chile, Manuel Agosin.

The activity took place in the Auditórium Seminarium de Vitacura and brought together 80 fruit producers and exporters, led by the president of Fedefruta, Cristián Allendes. The participants had the opportunity to internalize what is happening and what to expect regarding the performance of the main fruit industry markets such as Europe, America and Asia. Also to understand that what is happening in those markets ultimately affects the competitiveness of the sector.

Jan Lambregts said the global economy is undergoing a "debt crisis and quite near to a global recession," in which the Eurozone, in particular, will experience "low growth for many years."

In relation to the United States, the executive warned that next year a series of cuts will be recorded and that this impact is expected to result in a decline in growth from what was expected to grow (2.5% to 1.5%).

The expert said, "the problem (of the crisis) is affecting large corporations. The
problem are the governments and is the first problem to be solved," adding that," in 2013 a low growth environment is expected, but without inflation problems, at least in the short term," but did not rule out that on the long term, it may becomes a drawback of most concern.

Lambregts also said that "growth drive" is given by the growth in China, Asia in
general, except Japan and the rest of the BRIC countries. "Right now, emerging countries are moving toward global growth momentum, which is good, because you need size (to sustain this growth) and many have," he said.

Source: Fedefruta

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