ESPACIO PUBLICITARIO
CARACAS, Friday November 23, 2012 | Update
 
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ECONOMY

Venezuela with the poorest business climate in the region

The Economic Climate Index (ECI) improved in Latin America

EL UNIVERSAL
Friday November 23, 2012  12:31 PM
The Economic Climate Index (ECI) for Latin America climbed from 4.8 points in July to 5.2 points in October, according to a quarterly report published by the Brazilian center for economic studies Getulio Vargas Foundation (FGV).

The indicator hit the same level as in April and way above the 4.4 points reported in October 2011, when it dropped to its lowest level since the world crisis of 2008.

The quarterly index includes assessments made by 140 experts from 18 countries.

The improvement in the business climate in the region came amidst a worsening of the world Economic Climate Index stemming from the global crisis.  Globally, the ECI slipped from 5.2 in April to 4.7 in July and 4.6 in October.

In details, the business climate is better and more favorable in Bolivia, Brazil, Chile, Colombia, and Paraguay. In Peru and Paraguay, the index did not improve, yet it remained favorable. Other countries reported improvements between July-October. However, the business climate continues being unfavorable in Argentina and stable in Mexico, Ecuador, and Venezuela, whose business climate index was 3.4 points, compared to 4.9 points in Mexico and Ecuador.
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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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